alt Hacker News> the middle class quality of life has gone up.
As long as you don't try to buy a house.
I see kids, right out of college, making more than I ever made, at the peak of my career, unable to afford a house.
> the middle class quality of life has gone up.
As long as you don't try to buy a house.
I see kids, right out of college, making more than I ever made, at the peak of my career, unable to afford a house.
Yes this is a big problem but a large part of this is the total elimination of starter homes from the market. I.e. they would be able to afford the types of homes that earlier generations started in, but those homes simply don't exist anymore.
It's kind of a quality of life degradation, but it's a bit more complex than just "an attainable item is no longer attainable." It has never been normal to buy a 2600 sqft, 4 bedroom home at the start of a career.