In their beginning income years, you know, 1970s, 1980s, home prices were on average about three times the average income in America. They are now seven times the average income in America. Rents have gone up, inflation adjusted from about $900 a month to now about $1500 a month. Inflation adjusted. Inflation adjusted. The age of a first time home buyer in 2008 was 30 years old. It is now 38 years old. First time home buyer. (27:37–27:45)
CLAIM
Asserts that inflation-adjusted rents have increased from $900 to $1500 a month.
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