Earlier quoted context omitted.
The real cost of food has steadily decreased for the last 200 years. (Much of the decrease was before 1980, though.) Here in Canada, one hour of labour at minimum wage, will buy you a 10 kilogram bag of flour, or 4 litres of cooking oil. That's enough calories for days . That is insane buying power compared to the historical norm, right into the 20th century. This is the cost of food as % of household income in the U…
Ok but again, housing is the exact opposite: https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_pr... and worker productivity vs income: https://www.researchgate.net/profile/Tobias-Arbogast/publica... I'm 200% positive that both my grandparents and great grandparents had it better in pretty much every aspect (job security, housing, future perspectives) than we currently do. We have unlimited bread and circuses…
The only way I see long term housing becoming affordable is heavy taxes on single family homes as investment properties. Also open up zoning and allow builders to build.
Also naturally less kids, means less humans, means less demand.