Anecdotal, but in the UK, in 1986, as a just graduated PhD I bought a 3 bedroom house for less than 4 times my salary. At present a similar house in a similar location, will cost roughly 10 times a starting PhD salary. House ownership for most young people in the UK is becoming a distant and ever delayed dream.
Anecdotal, but in the UK, in 1986, as a just graduated PhD I bought a 3 bedroom house for less than 4 times my salary. At present a similar house in a similar location, will cost roughly 10 times a starting PhD salary. House ownership for most young people in the UK is becoming a distant and ever delayed dream.