Tbf housing (buying or renting) has gotten a lot more expensive since 2016-2020. I’ve been in the same line of work making steady increases and houses I was looking at buying in 2018-2019 are now out of my ability to pay (even by equalizing the interest rates). I looked up my old apartment from 2016-2017 and the rent increases since then are way more than my pay increases.
When it comes to consumer goods, I would agree that pay increases have gotten closer to inflation (but still not there), so I do think people will focus on the price increases without pay increases. But then again a lot of Trump supporters probably bought a house before 2016 so their griping is unwarranted.
Tbf housing (buying or renting) has gotten a lot more expensive since 2016-2020. I’ve been in the same line of work making steady increases and houses I was looking at buying in 2018-2019 are now out of my ability to pay (even by equalizing the interest rates). I looked up my old apartment from 2016-2017 and the rent increases since then are way more than my pay increases.
When it comes to consumer goods, I would agree that pay increases have gotten closer to inflation (but still not there), so I do think people will focus on the price increases without pay increases. But then again a lot of Trump supporters probably bought a house before 2016 so their griping is unwarranted.
Whenever my wife and I see a house for sale, we’ll go on Zillow and try to guess previous selling prices. It’s almost always like:
2010 - $165k
2019 - $200k
Now - $400k