“In the US… 23 markets where price-to-income is five and above, five markets nine and above… it would now take people around seven years to save for a down payment… over 30 years in some California areas.”

Ryan Bourne · The Cato Weekly Podcast · How Bad Policy Delays Adulthood

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13:08

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What was described

explained how zoning and land-use restrictions drive up house prices, making homeownership unaffordable

house prices 5-9× annual income; average 7 years to save for down payment; some markets >30 years

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