Incomes and rents were increasing together until 1986, and then:

<https://twitter.com/picturesfoider/status/1712933273532530987>

I'll give you the Cole's Notes version.

Since 1985, adjusted for inflation, household incomes have risen by
something less than 40% (it's hard to tell exactly, but it looks like
perhaps 35%)...

...while rents have increased nearly 160% (again, looks like around 155%
if I zoom in).

Now... ...what happened in 1986?

Oh, right! Reagan cut taxes on the richest in the US!

So if you were to look closer into that "Average household income", I'm
sure you'd see that the average was drive a lot higher by the very rich...

...who don't usually rent.

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