This is a good point. Also, anytime there is a discussion about inflation, there should be a timeline included.

Both inflation and wages have not gone up uniformly since they started being tracked. We all know the Trump/Biden covid inflation was bad, but by the end of Biden's term wages had mostly caught back up. The second Trump administration's policies reversed that trend.

Housing in particular cratered in some areas during the GFC, but then went wild especially around the covid.