Originally Posted by High Altitude
When my wife and I graduated we where able to afford a nice house in SoCal on our entry level salaries. Today, that house costs 3 times as much, 600k+, and entry level salaries for the same positions are almost exactly the same as they where 15 years ago.
Cost of living vs income is definitely worse today compared to 15 years ago and as well as when my dad was my age even with the same standard of living.
This is a demonstrably false statement.
As you said, there is a great deal of regional variability, but today's housing prices are within spitting distance of the historical average in California when measured as a multiple of median income.