Yes I made a mistake in my calculation - household income (from that CEIC data) rose 4.1% per annum between end of 2012 and the end of 2023.
Your graph comes from BIS data - picking 1995 as starting point is a little unfair as that's exactly when house prices started to rise - if I measure from 1990, the rise (using BIS nominal nominal to make comparison easier) is 5.1% per annum.
But yes house prices have risen faster than household incomes. Like pretty much everywhere else in the world.
> And your other link makes it clear that the change in wealth distribution is really just a side effect of the housing bubble
The claim I was contesting was that wealth inequality had increased in the last few decades. It has not - it has decreased significantly.
Your graph comes from BIS data - picking 1995 as starting point is a little unfair as that's exactly when house prices started to rise - if I measure from 1990, the rise (using BIS nominal nominal to make comparison easier) is 5.1% per annum.
But yes house prices have risen faster than household incomes. Like pretty much everywhere else in the world.
> And your other link makes it clear that the change in wealth distribution is really just a side effect of the housing bubble
The claim I was contesting was that wealth inequality had increased in the last few decades. It has not - it has decreased significantly.