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The promise of the free market economy is that the standard of living keeps improving over time, and that includes housing. For probably a majority of the popul
by woodandsteel 6y ago
The promise of the free market economy is that the standard of living keeps improving over time, and that includes housing. For probably a majority of the population of the US, that has not been the case for a number of decades.
- rayiner 6y agoI mean that's just not true. With respect to housing, for example: https://www.aei.org/wp-content/uploads/2015/06/houses1.jpg https://www.aei.org/wp-content/uploads/2015/06/houses1.jpg The median new home is double the size of what it was in 1973. In today's new houses, each person has about as much space as the entire solidly middle class 3BR house my four-person family lived in growing up.
- woodandsteel 6y agoOh you have to be kidding. I grew up in the 50's, and things are so much more difficult for young people today. If they are in the upper quarter of society they have to compete so much harder, and if they are below that they are so much less likely to have a good job, like the secure, union factory jobs that were so common. And besides that education has gotten vastly more expensive, and so has housing in much of the country, and also health care. And then there was the great recession of 2007. There are so many young people today who are doing worse than there parents.