Not as true with inflation here though.
Anyone tech worker buying a home now needs a bigger down payment or will face a massive mortgage. Add in the inflation of food and hygiene products, a $100-$150k year salary has the buying power of $50k a couple decades ago.
The politicians know exactly which screws to turn to prevent the proles from getting too much leverage. It’s been part of the playbook for decades, we were just not honest decades ago:
https://www.nytimes.com/1997/02/27/business/job-insecurity-o...
It’s all sleight of hand. Buying power is being nerfed to spank the kids into compliance.