And “household income” definition also changed: at the time the most common was that only the man of the household was working. So I’d say we are down to a quarter of what was earned then.
And the companies are controlled by venture capitalists, who are smart and distribute their investments. So they have interests in various companies, including the real estate companies.
And “household income” definition also changed: at the time the most common was that only the man of the household was working. So I’d say we are down to a quarter of what was earned then.