Comment by Loughla
3 hours ago
> And the evidence is that in every country which has seen a period of high salaries for workers, real estate has been cheap during that period for workers to buy.
Real question. Do we have evidence of this from anything except developing economies pulling countries out of poverty? Like a first world country sort of thing. Because to me it seems like higher salaries comes first, and the property would lag for a bit while the market reaches its new level. Does that make sense?
I think that high salaries / increasing salaries is the foundation for an economy developing at all. So cause and effect are reversed from what you mention, if I understood correctly.
High salaries and cheap housing was the reality in I think every first world country when they developed after WWII.