The American economy is broken in several ways, but one of the biggest is housing. When I was a wee Wilder in my twenties, I bought a house that was about twice my income. The mortgage payment was doable, just barely.
I just looked up what it’s going for today, and the answer was . . . over 10 times what I paid for it. Was it a nice house? Sure. But not that nice. Why did it go up 10 times in value?
-WiscoDave
