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Okay now compare the average person's bank account with the average rise in cost of housing.
by Wiseacre 5y ago
Okay now compare the average person's bank account with the average rise in cost of housing.
- astrange 5y agoCost of housing numbers includes imputed rent, which is money you pay to yourself, and so makes you richer. (if you're a homeowner) IIRC a lot of new people became homeowners in 2020 or relocated somewhere cheaper, which is a positive sign. If rent is going up, that should be fixed by building more housing, which the admin is working on.
- Wiseacre 5y agoIt's a positive sign for whom? The economy? Or those struggling to purchase those homes in the first place?