False. Value can increase if gdp increases without changing the %income spent on housing.
If house prices double while salaries double, affordability is the same but dollar value still went up.
Any time income growth is higher than inflation, you can buy more goods with your income
This is why people can buy more goods and services in 2022 than in 1 AD.
If income growth always lead to equal currency devaluation, economic development would be impossible.
In growing economies, income growth exceeds inflation rate. If the value of a purchase tracks income and not inflation, the real value goes up.
In the USA, real GDP per capita (adjusted for inflation) has increased 30+% since 2020.[1]