The beginning of the real housing crisis.
“At the same time, wages have stagnated dramatically. When adjusted for inflation, a 2018 hourly wage has about the same purchasing power as it did in 1978. In fact, the average 1973 hourly minimum wage (just over $4) would be equal to about a $24 average minimum wage today. Instead, today’s federal minimum wage is just $7.25.”
Adam Moura 