Click to enlarge.
If you believe inflation adjusted housing prices will rise over the long-term then you better believe inflation adjusted wages per capita will also rise over the long-term. Call me skeptical.
Women participated more and more in the workforce during this period. That drove real wages per capita higher. They're here. Now what?
Note: I set the y-intercept at zero for this chart's trend line (Zero Wages = Zero House Prices). It helped the trend fit the data much better in my opinion.
Source Data:
St. Louis Fed: Custom Chart
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