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by 9rx 2 days ago
Huh? Housing becoming significantly more valuable than in the past[1] does not imply that wages have dropped.

[1] Mostly thanks to computers/software making housing a more compelling proposition. Historically, people couldn't wait to get outside or over to the pub and would allocate their spending to support that, but now that they prefer to stay in to look at screens, they deem that place where they spend time worthy of greater spending instead.