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Real income after housing costs is still very high both in historical perspective and as compared to other industrialized nations today.

This is like US doctors complaining about malpractice insurance cost. Sure, it’s high, but even after that look at income vs Canada or the UK.

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“Sure, we’re moving in the wrong direction, but at least we’re not as bad as those guys yet” isn’t that comforting.

“who were already dealt a pretty crummy hand”

Which is it?

Yes, I am not one of those people who is foolish enough to think that it would have been better to have been born in 1940 than today. Of course quality of life and real incomes are higher.

But I think in the microscale, it might have been better to be able to invest in this most recent bull run when housing was also lower cost than the next decade or so.

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