The Cost of Rent in the United States

As of right now, 30% of your average American consumers total income is spent on rent. It seems like something's got to give because if that were to sort of converge the price of rent versus the price of buy, you would imagine that the average overall percentage of someone's income was going to go well above 50%. And we're talking about an American economy where your average consumer is pretty tapped out here. This, to me, all goes back to 1971 when we went off the gold standard and what happened at that point in time.