If somebody earning an average salary can’t afford to buy an average house, there’s something wrong.
Discussion
Correct!
And its ysually the person's spending priorities.
Capitalism
Capitalism is impossible with broken money because hard assets become the only captital and it is aquired from the labor of posterity via credit.
Every time a fiat mortgage is made, so is a future debt slave.
You can't have "capitalism" if your money is bullshit instead of capital.
Capitalists drove salaries down because of "reducing [their own] costs". In a nutshell. So there's more money for The Shareholders. They have been boiling this frog since 1971 so it's not so obvious for most of people
But there is a point at which it breaks and what Mike wrote is a good point. Either it's stopped and reversed somehow or it continues to create a dystopian cyberpunk scenario. I'm always grateful to the US for conducting these social experiments for all of us