This is the definition of broken:

Americans need to earn 70% more today than six years ago to comfortably afford a median-priced home, per Realtor com.

It gets worse: There are now more homebuyers over age 70 than under 35, per FORTUNE.

Do you realize what's happening?

We may be witnessing the end of middle-class homeownership

The post-WWII model of widespread homeownership was built on cheap land, abundant construction labor, and reasonable building costs.

Those conditions no longer exist

@FluentInFinance If 65+ are the only people allowed to get covid vaccines, this is going to get worse

@CosmicTraveler @FluentInFinance *Very* grim but given fertility impacts of the virus and the already-plummeting birthrate under both legislative- and reality-imposed diminished quality of life and reproductive health restrictions, not to mention that even vaccinated older folks are likely to succumb under the accelerated variant spawn of utterly unchecked spread in wider society?

With a dwindling population and spikes in the death rate across age groups, the supply-demand curve of housing may not be a problem long. But it will also have become a minor problem by comparison to staying fed and getting healthcare amid burgeoning public health burdens and a diminished supply of healthy laborers.