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Home Prices Are Now Higher Than the Peak of the 2000s Housing Bubble

npr.org

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Re: Home Prices Are Now Higher Than the Peak of the 2000s Housing Bubble

#24

Post by newaccount2021 »

toomuchtodo wrote: post #13
skywal_l wrote: post #3

So is this finally the inflation that we were promised for so long? I guess all that money created during covid had to go somewhere. Too bad it's not going into education or healthcare...

It's not inflation from money printing. Its reduced supply along with higher wages from income earners getting smeared across the country instead of inflating housing costs in traditional HCOL locations. Before, lower income earners in the suburbs and more rural areas didn't have to compete against higher wage earners who were previously stuck in cities. No longer. In the Sunbelt, I see homes getting bought all cash…

why is HN so invested in attempting to debunk all of the solid, dependable, reliable inflation gauges?

if you look at where much of the % increases are, they are happening in undesirable (even ghetto) places in the rustbelt - this isn't due to demand from knowledge workers

Re: Home Prices Are Now Higher Than the Peak of the 2000s Housing Bubble

#25

Post by larrik »

gnur wrote: post #7
latchkey wrote: post #2

Name something that costs less in 2021 than in the 2000s?

Anything related to storage or compute? I couldn’t image having a 2tb drive 20 years ago, but having a 2tb ssd in my laptop is kind of amazing

compute? GPUs used to basically top out at $400, now the cheap ones go for more than that.

Re: Home Prices Are Now Higher Than the Peak of the 2000s Housing Bubble

#26

Post by latchkey »

14 wrote: post #6
latchkey wrote: post #2

Name something that costs less in 2021 than in the 2000s?

Solar panels

That's a good example! The technology hasn't really improved that much (it has, but not like TVs), but the cost to deploy solar panels has gone down significantly likely due to manufacturing improvements.
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