Comment by jalgos_eminator

Ok, so something has been bothering me ever since I started thinking about housing in an economic sense. Housing prices seem to consistently rise faster than inflation over long periods (at least in large/medium metros). This means that housing is currently more expensive to people than it was 30 years ago. So what happens 50 years from now? or 100 years from now? Who will be able to afford to buy a house? Will people spend more than 50% of their take-home pay on mortgage payments? This doesn't seem sustainable long term.