If you do not already own a home it's getting harder and harder to buy one. Meanwhile, rent outstrips wage growth.
I got the idea for the above graph from a similar idea by Sven Henrich.
In my chart, I indexed all the values to 1982.
Those who seek to buy their first home will have a very difficult time finding one that is affordable.
There was a small window of buying opportunity from 2009 to 2011 but that window has since been closed.
Making matters worse, rent prices accelerated in 2011 and far outstrip wage growth.