More income is chasing the scarce resource that is housing. Thus prices increase (supply/demand curve).
It is the same with the cost of education increasing horrifically due to the open firehose of student loans making price no-longer-an-object-of-consideration.
More income is chasing the scarce resource that is housing. Thus prices increase (supply/demand curve).
It is the same with the cost of education increasing horrifically due to the open firehose of student loans making price no-longer-an-object-of-consideration.
Both are enormously overinflated bubbles.