Here’s Why House Prices Are So Expensive — It’s Not the Reason You Think
<p>Any person who has desired to purchase a home will attest that doing so is becoming increasingly difficult.</p>
<p>The question is, why?</p>
<p>It’s complex is the answer. To explain, firstly, if you look at the data, it would seem that the older generations have not per se had it better.</p>
<p>For example, in the US, for 2023, the average property has cost <a href="https://www.longtermtrends.net/home-price-median-annual-income-ratio/" rel="noopener ugc nofollow" target="_blank">7–9 times</a> the median national wage, yet in 1947, the average property cost 15 times the median national wage.</p>
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