4 ms·

Cars are much safer and (for the same given size) go a lot farther for the same amount of fuel. They’re also faster, more reliable, last longer between maintena

Cars are much safer and (for the same given size) go a lot farther for the same amount of fuel. They’re also faster, more reliable, last longer between maintenance (used to be 3000 miles between oil changes, now it’s... 7500 miles or so), more comfortable, and with more useful features (navigation, phone integration, etc). As far as homes, there HAS been real estate inflation, but homes are now better insulated, have much more efficient heating and cooling (and now have actual cooling whereas in the past were often uncooled), have more bathrooms, and have much more efficient and cheaper lighting (which doesn’t need to be replaced as often and has lower fire risk). Clothing is so plentiful and cheap it’s a bit silly (and this used to be a major practical purchase and highly labor intensive to mend your clothes, so I’m not talking just fashion). A lot of things people actually need really are much better than in the past. I hope we fix the housing price issues, though. This is really bad.

908B64B197 6y ago
> As far as homes, there HAS been real estate inflation, but homes are now better insulated, have much more efficient heating and cooling (and now have actual cooling whereas in the past were often uncooled), have more bathrooms, and have much more efficient and cheaper lighting (which doesn’t need to be replaced as often and has lower fire risk). That all matters less than the location of the house.
thebean11 6y ago
> As far as homes, there HAS been real estate inflation, but homes are now better insulated, have much more efficient heating and cooling (and now have actual cooling whereas in the past were often uncooled), have more bathrooms, and have much more efficient and cheaper lighting (which doesn’t need to be replaced as often and has lower fire risk). None of that really makes a dent price-wise in the more expensive real estate markets.
asdff 6y ago
Ha! Please look at the average housing stock in a city like LA or SF. Better insulated/efficient/bigger/new/21st century home it is not. The exact same 2 bedroom bungalow they built for returning GIs that probably cost $6000 back then costs north of $1.5m now. New construction only gets a slight bump of maybe another $200-400k or so (the cost of construction). The value isn't in how nice the house is, it's in the dirt below and where it sits on earth. The same $1.6m house in LA might go for $20k if you put it on a trailer and stuck it on some land in Nowhere, Louisiana instead. And don't get me started with the rental stock.
whoomp12342 6y ago
not all homes that were inflated improved as such

908B64B197 6y ago

> As far as homes, there HAS been real estate inflation, but homes are now better insulated, have much more efficient heating and cooling (and now have actual cooling whereas in the past were often uncooled), have more bathrooms, and have much more efficient and cheaper lighting (which doesn’t need to be replaced as often and has lower fire risk). That all matters less than the location of the house.

thebean11 6y ago

> As far as homes, there HAS been real estate inflation, but homes are now better insulated, have much more efficient heating and cooling (and now have actual cooling whereas in the past were often uncooled), have more bathrooms, and have much more efficient and cheaper lighting (which doesn’t need to be replaced as often and has lower fire risk). None of that really makes a dent price-wise in the more expensive real estate markets.

asdff 6y ago

Ha! Please look at the average housing stock in a city like LA or SF. Better insulated/efficient/bigger/new/21st century home it is not. The exact same 2 bedroom bungalow they built for returning GIs that probably cost $6000 back then costs north of $1.5m now. New construction only gets a slight bump of maybe another $200-400k or so (the cost of construction). The value isn't in how nice the house is, it's in the dirt below and where it sits on earth. The same $1.6m house in LA might go for $20k if you put it on a trailer and stuck it on some land in Nowhere, Louisiana instead. And don't get me started with the rental stock.

whoomp12342 6y ago

not all homes that were inflated improved as such