Citation needed. In most estimations, wages for most of the economy have been flat since 1980 - and takehome, after taxes, has been declining. Here's the "average", for example: http://www.pewresearch.org/fact-tan...rs-real-wages-have-barely-budged-for-decades/ A more optimistic and detailed view: http://www.epi.org/publication/charting-wage-stagnation/ The median - a much more informative measure for our purposes - is of course lower: an actual decline. And even the mythical 60% wage hikes would not have been enough to drive housing prices as we have seen them. Clearly no rising prosperity of the regular American jobholder is accounting for any significant part of the US housing market. And the best guess would be that this market, the way it is set up, is contributing to the rise in inequality of wealth. Unless the loss of wealth among the bottom 2/3, caused by the debt and the bubble and the crash and so forth, was just pissed away somewhere, and nobody ended up with it.