Long time reader, first time poster...lol
Jokes aside, the housing market is a perfect example of how the economy has become unaffordable.
"Home Buyers Need to Earn $47,000 More Than in 2020 The income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time.
Home shoppers today need to make more than $106,000 to comfortably afford a home. That is 80% more than in January 2020, showing how the math has changed for hopeful buyers, who are more often partnering with friends and family or “house hacking” their way to homeownership."
https://www.zillow.com/research/buyers-income-needed-33755/
But the market has to be a two fold problem, right? I can't imagine that an additional two million people that crossed our border illegally didn't play a part in driving up the cost of housing.