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Post
Neal Hudson
resi-analyst.bsky.social
did:plc:xnizwwiwxnbsnu4purcxdcwi
Suspect increasing importance of wealth in housing is a factor.
30 years ago, a top 10% income would probably have got you a house in the upper decile or at least UQ of prices. Now, you need a high income to buy any house and lots of wealth irrespective of income to buy a house at the top end.
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2024-08-23T15:39:18.171Z