Comment by jodrellblank

My grandparents’ house’s purchase price, inflation-adjusts to 3x the current average salary in the UK.

That house trades at 13x now.

There is no house of any size for 3x in most areas of the UK.

You can’t handwave that away by saying “central heating”. The cost of part-of-a-house is far less than the total - not 10x more on top.

Part of the issue is population doubled since then but house building didn’t. Part is cheap debt in the 2000s turned everyone and their dog into buy-to-let landlords then AirBnB hosts.