U.S. house prices are rising exponentially faster than income
&quot;We found that since 1965, average home values have skyrocketed from $171,942 to $374,900 — a 118% increase. Meanwhile, median household income crept up just 15%, from $59,920 to $69,178 in 2021-inflation-adjusted dollars.&quot;<p>1965, you say? Real subtle:<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Civil_Rights_Act_of_1964" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Civil_Rights_Act_of_1964</a><p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Civil_Rights_Act_of_1968#Title_VIII—fair_housing" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Civil_Rights_Act_of_1968#Title...</a><p>Here in California where I can&#x27;t afford a home we amended the state constitution in 1964 to specifically overturn a 1963 state-level fair housing act and reinstate racial housing discrimination that wasn&#x27;t overturned until a 1967 decision by the US Supreme Court: <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;1964_California_Proposition_14" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;1964_California_Proposition_14</a>