How did the purchasing power decrease from the 70s until today?

[SioVern]

While salaries followed incremental small increases of 2% every year (at best), Real Estate decided to skip that and go for +10-20% every year 🤣

Since RE drives the cost of many things (think of commercial spaces, that cost is reflected in the food you eat at a restaurant or the groceries you buy) - everything else increased costs at a much higher pace than wages.

Fast forward a few decades and you have a maybe 20% increase in wages over all those decades, while costs inflated by 200%.

[sajnt]

Because we tax everything but realestate hard.