This a great point. It's not a conspiracy. Housing prices trend to match median income in an area. When you think about it, it makes perfect sense. If your income was significantly higher then current prices of houses you'd immediately buy a house, because why not, it isn't a big percent of your income and therefore isn't a huge risk either way. The moment prices reach what feels uncomfortable you'd think hard about renting vs buying. We are now in the later stage in several tech cities for tech wages.

Right. That was the point I was making. The conspiracy stuff was all nonsense, but somehow we still ended up in the same situation where no one can afford anything.

And we spend more on other things (like child care) because both adults are working.