81–90 of 550 posts
I think right now, the only place I can afford a house (in a place I would actually like to live in), is in some derelict, abandoned Italian town in Sicily, or something like that.
That sounds like a great place to live. Good weather, quiet, Italian food & culture, safe & stable, public transit to the city…and you can work remotely.
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
Wages in america are extremely high, its just property prices are even higher.
Go tell that to Oklahomans and others still making a minimum wage of $7.25 an hour
Again seeing some blaming poor immigrants for this in the very first answers. Meanwhile, where do the money for OpenAI and the SpaceX IPO comes from? Who got hold of so much money? How did they got hold of it? And here's the killer question: would they, and the rules and system supporting them, change in any way if there were less immigrants?
Earlier quoted context omitted.
Look at real, median household income. It's been going up and up. The things that have gone up in relative cost are housing (because we heavily regulate building it) and premium services like healthcare and education because of Baumol.
Does median represent the normal anymore?
Is it the wages or that shitty one bedroom apartments go for $2000+
The problem is absolutley that housing is too expensive, which of course a bunch of realtors are not going to point out. Increasing wages will not fix the housing crisis, and will just drive prices higher. How convenient for a bunch of realtors...
Realtors don’t own the houses.
Earlier quoted context omitted.
Look at real, median household income. It's been going up and up. The things that have gone up in relative cost are housing (because we heavily regulate building it) and premium services like healthcare and education because of Baumol.
Does median represent the normal anymore?
Also depends whether you can about the middle more than the 10-20% of the people most struggling who can earn much less than the mean or median