>Why arent millenials buying houses anymore
So how much did one earn?
and now the average income is 1/20th the price of a new house
Damn they really fucked us over big time... how did this happen?
so basically everything matches up to inflation.
nice analysis retard
the answer is out there
Stagnant wages due to increase in labor (women and immigration)
Increase in price of goods and services due to monopolization/cartels
Increase in price of housing due to foreign investors
After they reaped the rewards from their parents business, they had to take over. They then made executive decisions to import immigrants to drive wages down and have cheap labor for their businesses there by doubling profits. Boomers get to ride away into the sunset just as everything is coming to a head leaving millennials to hold the bags.
Millennials make up about 35% of real estate sales lad
Oh and college/university lowered their iq to entry