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This should be compared with median home price delta over the years and median cost of food. I bet the median home price has gone up drastically making the over
by mattmiller 15y ago
This should be compared with median home price delta over the years and median cost of food. I bet the median home price has gone up drastically making the overall cost of living much higher now than then. Median cost of food and other necessities have probably gone down but that savings is probably wiped out by the home price.
People will talk about the benefit of technology (the flatscreen TV argument) and how that builds quality of life but I think disposable income is the biggest factor in high quality of life.
- Symmetry 15y agoActually no, I was just reading an article about this. The cost of healthcare and education have increased drastically. The cost of housing and food and gas have remained more or less the same, the cost of everything else has decreased.
- david927 15y agoCan you show the numbers because from what I've seen, housing has gone through the roof?
- lcargill99 15y agoHousing is furiously repricing. SFAIK, there's no bottom to it, and it depends on where you are. If you live in a high land rent region like San Fran or NYC, it's stable. In Florida or Las Vegas, there is no bottom. In Texas, it's stuck at 1990 or 1998 prices, dependent on area.
- Symmetry 15y agohttp://thinkprogress.org/yglesias/2011/09/13/317965/the-evolution-of-prices-since-the-late-1970s/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+matthewyglesias+%28Matthew+Yglesias%29 http://thinkprogress.org/yglesias/2011/09/13/317965/the-evol... EDIT: Remember that the CPI tries to compare apples to apples, which means N-square foot houses to ones of similar size. And IIRC the size of the average American's house has at least doubled since then.
- david927 15y agoSo they pay twice as much but it's considered the same because they have bigger houses now? But isn't that "bigger TV" syndrome? (TVs cost twice as much, but hey, they're twice as big now.) I think that's trying to justify the price increase more than truly analyze it.