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> It's true that many recent innovations have reduced costs. But they've often done so by using lower-quality products or untrained workers, or by extracting re
by jankotek 9y ago
> It's true that many recent innovations have reduced costs. But they've often done so by using lower-quality products or untrained workers, or by extracting revenue from personal assets.
I read biography of Tomas Bata, in industrialist from 1930ties. Growth and innovation used to be about making things cheaper and affordable, while preserving quality. Today it is hard to imagine housing cost should go down, rather than up.
- TheAdamAndChe 9y agoHousing costs are going up because the good jobs are being concentrated to a handful of cities in the country that benefit from globalization. Cheap housing is abundant in rural America, but because the corporations that control our government benefit from a concentrated workforce, they have no reason to invest in rural America.
- killjoywashere 9y agoHousing costs also go up because of the mortgage interest deduction. The home-owning middle class is living in subsidized housing.
- TheAdamAndChe 9y agoAre you saying that the mortgage interest reduction is causing the insane housing costs in the cities? If this were the case, wouldn't we see an equivalent increase in costs in the somewhat rural areas?
- killjoywashere 9y agoAs people move away from the midwest, and the midwest economies lag, their housing costs should have cratered. Instead, they had the same 2008-2009 bubble popping everyone else saw, then continued to drift up. Source: bought and sold homes in 3 regions in the last 10 years. Also, you can marinate yourself in the trend lines on trulia.