[anchpop]

To the extent that that's true, it's in large part because their income is now absorbed by land rents, which were much lower in the 30s. There's an obvious contradiction in the american dream: home ownership is the goal, so homes should be a good investment. If homes are a good investment, that means the price of homes goes up. If the price of homes goes up, they get less affordable for everyone who doesn't already have one. Look at what happens when you don't institute regulation designed to guarantee that homes continue to be a depreciating asset: https://pbs.twimg.com/media/E9V_0VBWEAE1ixe?format=jpg&name=...