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I completely disagree. This happened even to demographics where essentially everyone already had a house. But your neighbor has a pool. But your other neighb

I completely disagree. This happened even to demographics where essentially everyone already had a house. But your neighbor has a pool. But your other neighbor has a Range Rover. But your OTHER other neighbor has a sweet home theater. There's a huge gap between 'basic food and shelter needs met' and what people will compete for.

AnthonyMouse 5y ago
> This happened even to demographics where essentially everyone already had a house. Because you're not just competing with people in the same demographic. Suppose you used to be able to afford a house on your single income, but only just. Now a family with two workers who each make 60% of what you make you show up and outbid you on the house you'd have bought, because together they make 20% more money than you. You just got priced out of a house unless you too get a second income. > But your neighbor has a pool. And that's not a problem. If you want to go from being a housewife to working for money so that you and your husband can have a house with a pool and a Range Rover and a sweet home theater, more power to you. If that's what was happening, we can make more pools and more Range Rovers and more home theaters -- and there would be more labor to do it with. As long as anybody who just wants the house and doesn't want to be forced into a change in lifestyle, could still get the house. But then a family with two incomes outbids you and when nobody is allowed to make enough houses for both families, that is no longer true.