https://www.abc.net.au/news/2024-06-04/why-australians-arent...
https://www.abc.net.au/news/2024-06-04/why-australians-arent...
It's just now we suddenly consider that too bad. Back then it was normal, just like everyone else.
It may have been when my parents were born though (mid 1940s, one in what is now Israel and the other in what was then the Soviet Union).
But anyway my parents were 1983 Israelis, they didn't come with future-Israel purchasing power - so they were able to afford their housing on the income of the time :) Other kids in my class had ± similar housing. Some were poor and had worse housing, but not 5 people in a 62m flat level of poverty- for that to be common you had to go back another couple decades (e.g. my mother's childhood experience in the 40s-50s was more like that, might have been common up to the 60s).
Because in 2019 real estate was not only expensive by itself, but also all the future growth was added to a price.
Today in 2024 you can buy very cheap in some places (north, for example).
> there was a stock-market crash in 1983
Not just stock-market. By the time of the crash, Likud laid waste to the whole economy to undermine "the left".
In practice having 2 or 3 kids is going to mean going from studio/1 br to 2/3 br and double or triple housing costs.
[0]: https://ec.europa.eu/eurostat/statistics-explained/index.php...