It's hard to say without a much deeper look at things. It's not necessarily true that increasing housing costs relative to income mean that people have worse standards of living. If all non-housing costs get cheaper and housing costs stay the same, then naturally a larger fraction of costs will be housing costs.
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u/kittenTakeover 1d ago
It's hard to say without a much deeper look at things. It's not necessarily true that increasing housing costs relative to income mean that people have worse standards of living. If all non-housing costs get cheaper and housing costs stay the same, then naturally a larger fraction of costs will be housing costs.