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On the other hand, the abundance of credit has driven up the prices of education, cars, homes, etc.
by yrro 6y ago
On the other hand, the abundance of credit has driven up the prices of education, cars, homes, etc.
- Caprinicus 6y agoCar prices in America are among the lowest in the developed world though. It’s difficult to compare education as you’re getting a wildly different product depending on what specific university you go to.
- ntwalker 6y agoThey pretty much have to be. The infrastructure of the US is such that if cars cost what they do in Europe then a massive section of the population would be entirely locked out of the economy unable to hold a job.
- klmadfejno 6y agoWhen people need something, prices tend to go up, not down.
- TapWaterBandit 6y agoYou've got this backwards. 1. The average American is considerably wealthier than the average European. 2. Cars are so expensive in Europe relative to America due to regulations/taxes/etc which are applied by governments (the alleged protectors of the people's welfare). 3. You've got causation backwards in regards to infrastructure, the US infrastructure is the way it is BECAUSE cars are cheaper, cars aren't cheap due to the needs of infrastructure.