Why did rent suddenly start outstripping wage growth from the 1980s?

reaganomics

>>2973637

But why?

Why shackle people to perpetually low wages and rising rents which would inevitably lead to low productivity and suicide?

>>2973641
not a boomer problem don't care

Increased demand.

Urbanization meant more people competing for housing in a physically smaller area.

Globalization and immigration reform led to rapid population growth, more competition for housing.

Globalization and tech made many commodities cheaper, thus landlords could charge more for rent.

More single parents means more housing units required.

>>2973695
>More single parents

Is this why LGBTQ started becoming fashionable from the late 1980s?

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>>2973622

>reform immigration in 1960's/70's to vastly increase number of people coming into the US
>feminism puts more women into work, increasing the labour workforce but also putting downward pressure on wages
>families becoming less common with single households propagating
>massive increase in number of illegals throughout the 80's and 90's, especially after NAFTA is signed
>wages suppressed while housing demand explodes

Sounds about right

>>2973622
Because they didn't fix the damn doors.

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>>2973622
It has little to do with Reagan and more to do with falling interest rates and rising immigration. More people (not necessarily immigrants) will drive wages down and other prices up.

>>2973758
FDR-Truman-Eisenhower were too good for Americans. We didn't deserve them. We deserved Hitler or Stalin or Chiang.

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>I bet the _______ did this

>>2973622
Immigration. More competition for selling labor and buying shelter.