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There are two economies. People who got on the housing ladder before the rate increases after the huge jump in home prices and everybody else. The first group is doing great, the other group is screwed. Once again we've pulled the ladder on young people.

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As part of the first group, we're still not doing great. Home insurance rates and property taxes have gone through the roof. My mortgage costs 25% more now than it did two years ago.

I could have (should have) bought a house before the pandemic but I wasnt quite ready yet. Now housing affordability is so bad I have to save multiple hundreds of thousands more dollars to afford the same house in 2019. That's on top of all my other expenses like rent also skyrocketing. I make more money than ever and am probably close to my peak earnings yet I feel poorer than ever.

Homeowners are objectively doing great in the US. Yes prices are up, but real wages are up too, especially for the bottom quartile. Obviously there are exceptions, but most people are making more than they did pre pandemic adjusted for inflation.

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