THEN WHY r more 30 y.o.'s still living at home..just read that on Thurs.....they r not moving out, they can't afford rent,let alone mandatory living expenses.....forgot the link that reported that.
I think the actual reason is that there is more money, that is worth less, in circulation. I'd love to see that chart adjusted for inflation . . .
My Pa, in 1964, on a salary of about $8300/year was able to provide a home for a wife and 3 kids (2 more joined the brood later). My parents bought a brand spanking new, brick exterior, 3 bedroom, 1 3/4 bath, full unfinished basement, covered back porch, eat in kitchen, living room, dining room, 2 car oversized attached garage home on a 1/4 acre lot for $19,600. Adjusted for inflation, that home would sell for about $215K today, when the "starter" home is now closer to $400k, or more. And that home had real wood joists, not engineered wood ones. 9" thick 20 MPa concrete foundation walls, not 17 MPa 7.5", or less ones.
