4 ms·

Do you have a source for such a comparison, everything I have seen is all real prices. I know rent and college had gone up about 50% in real prices and some thi

Do you have a source for such a comparison, everything I have seen is all real prices. I know rent and college had gone up about 50% in real prices and some things like food and high end electronics have gone down. Honestly, your comment seems like intentional obfuscation of facts.

harryh 7y ago
Housing costs are only going up because people are buying/renting bigger houses (despite the fact that mean houshold size has decreased by almost a full person in 50 years). On a per square foot basis, you don't really see an increase. http://www.aei.org/publication/new-us-homes-today-are-1000-square-feet-larger-than-in-1973-and-living-space-per-person-has-nearly-doubled/ http://www.aei.org/publication/new-us-homes-today-are-1000-s...
- jdavis703 7y ago
  How does this explain the price increases in older, urban housing stock? I’ve been renting 500-600 sq. ft. one bedroom apartments for the past seven years. My rent has gone up from $1900 a month to now $2790 month. This is all within the same zip code.
  - harryh 7y ago
    There are definitely some outliers, particularly in urban centers (primarily due to overly restrictive zoning codes). I was speaking about averages.
    - Aloha 7y ago
      You also make a good point, in many places zoning would prohibit construction of identical replacements of much of the housing that is located there. One of the commenters on the article you linked makes a good point: "new single family homes are a very small part of the real estate market. most of the big price moves have been in urban areas where single family dwellings uncommon and new homes extremely rare."
sokoloff 7y ago
Pay attention over the coming 3 months to articles and headlines on inflation and wages on social and mainstream media. I think you'll find that well over half of them omit stating key assumptions/sources, and appear to be authored so as to lead the audience to the wrong (or at least an exaggerated) conclusion.
- m12k 7y ago
  To be fair, pretty much all articles about literally any subject on social and main stream media fail to state key assumptions/sources - don't see why you'd think this topic is special in that regard. If we're going to debate anything in a sensible manner, we need to use actual publications by experts as the basis for those discussions.
  - sokoloff 7y ago
    I’m not worried nor do I believe that economists are confused. I worry that the public / workers / voters / policy makers are being misled/confused/misdirected.
    - frankbreetz 7y ago
      You sound like a conspiracy theorist if you have no sources, the first couple google searches are not doing this[0],[1]. The public is being misled, by whenever someone complains about stagnant wages the response is "you have smartphones now", but we can't afford houses or healthcare how is this okay? So your argument seems to be that all economists are in on this together to do what? And your thankful your favorite youtube news personality has cracked the case (without publishing any research and has an opportunity to make money from getting views). Good thing he /she is looking out for you. The bottom line is you sound incredibly foolish to me if you can't supply any sources of people trying to do this trick. Even if you do find one or two examples, there are plenty of sound statistics that say people have it harder now finicailly then 50 years ago. [0] https://www.investopedia.com/ask/answers/101314/what-does-current-cost-living-compare-20-years-ago.asp https://www.investopedia.com/ask/answers/101314/what-does-cu... [1] https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...

harryh 7y ago

Housing costs are only going up because people are buying/renting bigger houses (despite the fact that mean houshold size has decreased by almost a full person in 50 years). On a per square foot basis, you don't really see an increase. http://www.aei.org/publication/new-us-homes-today-are-1000-square-feet-larger-than-in-1973-and-living-space-per-person-has-nearly-doubled/ http://www.aei.org/publication/new-us-homes-today-are-1000-s...

jdavis703 7y ago
How does this explain the price increases in older, urban housing stock? I’ve been renting 500-600 sq. ft. one bedroom apartments for the past seven years. My rent has gone up from $1900 a month to now $2790 month. This is all within the same zip code.
- harryh 7y ago
  There are definitely some outliers, particularly in urban centers (primarily due to overly restrictive zoning codes). I was speaking about averages.
  - Aloha 7y ago
    You also make a good point, in many places zoning would prohibit construction of identical replacements of much of the housing that is located there. One of the commenters on the article you linked makes a good point: "new single family homes are a very small part of the real estate market. most of the big price moves have been in urban areas where single family dwellings uncommon and new homes extremely rare."

sokoloff 7y ago

Pay attention over the coming 3 months to articles and headlines on inflation and wages on social and mainstream media. I think you'll find that well over half of them omit stating key assumptions/sources, and appear to be authored so as to lead the audience to the wrong (or at least an exaggerated) conclusion.

m12k 7y ago
To be fair, pretty much all articles about literally any subject on social and main stream media fail to state key assumptions/sources - don't see why you'd think this topic is special in that regard. If we're going to debate anything in a sensible manner, we need to use actual publications by experts as the basis for those discussions.
- sokoloff 7y ago
  I’m not worried nor do I believe that economists are confused. I worry that the public / workers / voters / policy makers are being misled/confused/misdirected.
  - frankbreetz 7y ago
    You sound like a conspiracy theorist if you have no sources, the first couple google searches are not doing this[0],[1]. The public is being misled, by whenever someone complains about stagnant wages the response is "you have smartphones now", but we can't afford houses or healthcare how is this okay? So your argument seems to be that all economists are in on this together to do what? And your thankful your favorite youtube news personality has cracked the case (without publishing any research and has an opportunity to make money from getting views). Good thing he /she is looking out for you. The bottom line is you sound incredibly foolish to me if you can't supply any sources of people trying to do this trick. Even if you do find one or two examples, there are plenty of sound statistics that say people have it harder now finicailly then 50 years ago. [0] https://www.investopedia.com/ask/answers/101314/what-does-current-cost-living-compare-20-years-ago.asp https://www.investopedia.com/ask/answers/101314/what-does-cu... [1] https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...