In the USA, you can buy a house for between 2 and 10 times your wage. This is a fact based on the census. The average wage can pay for the average house, within 2 to 10 years, depending on where in the US it is.
Where I live, which is thought to be a relatively affordable place, the median house price was $36,000 in 1980, and its $445,000 in 2019. Thats more than 12 times more!
Have a look at this graph. Politically, the Country was governed by the Liberals, and economically the country was in surplus, and ultimately voted out when the party tried to strip workers of rights to wrongful dismissal and penalty clauses and rates. A step to far to Liberalism ideals perhaps.
During this period, infrastructure spending was low, and user pays concepts were viewed favourably. The Australian dollar was 40c US in 2002, and gained to be over parity in 2014.
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