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Re:US housing price higher than housing bubble 2008 by rootsudo on Tuesday September 14, 2021 @04:45PM (#28530856)
It means that someone that is considered high revenue earning via a job is priced out of the market, but if you have pre-existing assets you can hedge/borrow against them to get more.

It's also another way of wealth, many people assume having high revenue via salary/compensation is a good sign of wealth, but it's not.

Makes you a better consumer, e.g. you're priced out of buying a house, so you rent.

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