DRV - House Prices And Household Incomes

A recent note from Brookings on the nature of the ongoing housing crisis in America has opened up with a bombastic statement:

Over the past five years, median housing prices have risen faster than median incomes (Figure 1). While that's generally good news for homeowners, it puts additional pressure on renters. Because renters generally earn lower incomes than homeowners, rising housing costs have regressive wealth implications."

(Source: here)

It sounds plausible. And it sounds easy enough to understand for politicos of all hues to take up the claim and run with it. There is

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