8 ms·
How is a rise in house prices helping the nobler parts of the economy? People spend considerable more of their income on mortgages or rents, leaving a lot less
by raducu 7y ago
How is a rise in house prices helping the nobler parts of the economy?
People spend considerable more of their income on mortgages or rents, leaving a lot less for other less fixed and shorter lived assets.
I'd be 1000% satisfied with a 50' house and valuation, leaving me to spend my money on travel, charity, high-tech or just work less, do stuff that really interests me; or spend a lot more on education.
How is the education bubble helping the progress of humanity?
I'd be extremely happy with the education + costs of 50 years ago, or just online education -- I'm not talking about content, but delivery and costs.
It boggles my mind that people don't see it for what it is -- the feudal lords are back and they take a lot more of your production just so you stay alive.
They are not helping humanity(except for some benevolent ones) progress, they 99% help themselves.
- zemvpferreira 7y agoSorry if the language wasn’t clear but that is the point I was trying to make: when we use economic growth as a measure of improving quality of life for people, it ceases to be a good measure.