The meme may be true, but it is less meaningful than you might assume at first glance. The obvious comparison is those memes comparing wages or dollar values with house prices, where obviously inflation has made a huge difference in 100 years. However, you should compare it to other types of investment, so does a stock index grow as fast as home prices or not?
is a hot dog a sandwich (lemmy.ml)
Gold for house (lemmy.ca)
wood for sheep?
$1 grilled cheese (mander.xyz)
My cousin said the gas savings for a prius and a motorcycle were the same. (lemmy.ml)
Mathematically they’re equivalent, but the feelings could not be further apart.