And worldwide wages have stagnated over time. Older generations only see that we get paid double or triple "what they earned" but ignore that cost of living has exploded many times more than that. Because they're the ones happy to sell houses for a healthy profit.
Don't blame the home owners for taking advantage of state sponsored real estate speculation. The only reason they are able to sell at 3x is because someone cut a speculator an easy loan. This is a feature of any system that allows loans against real estate.
