Agree with John that the formula is self correcting. But RBG's basic point is the most important one--housing prices have far outstripped median income so that more and more people are below the 30% threshold. More and more people need help just to have a place to live. Note that because the formula is self correcting, it means that this is not because the current generation is lazy. it means that for any given home, a person needs to be farther up the ladder relative to others. And of course, there are a limited number of spots farther up the ladder, by definition
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