Ddg reckons average mailman salary is about 50k. That’s 1/8th the average house price.

In 1990 it was about 25k with prices about 150k

House prices are about 100k too high, they should be 300k not 400k

One reason for this is more people rely on two incomes to pay for housing, so more money is available for housing, so money transfers from future debt of millenials to existing assets of boomers and gen x.

But on top of that it means two incomes means harder to have kids due to child care.