mai on 26 December 2014
| theprof00 said: I love how part of the proof is SF Bay area housing going up in price. Economy really has nothing to do with that, Bay area is a small landspace with ever increasing immigration...almost 100k people in growth since 1995, increase of 15%, and is currently one of the top 10 fastest growing populations in the US. |
I guess the point is just to demostrate a trend of stagnating incomes, housing prices being up compared to wages is merely an example. I considered it being a common place tbh, but here's practical result of what he's talking about from the first source I've found -- the pecentage of home owners is dropping.
http://www.citymetric.com/skylines/chart-us-home-ownership-rates-20-year-low-424
