As you know, income inequality is getting worse, low-income wages are not going up, so that component of housing has been declining in real terms.

众所周之,收入的不平等愈演愈烈,低收入者的工资不会上涨,因此以实际值计算的这部分成本是下降的

耶鲁公开课 - 金融市场课程节选