4 ms·
Housing cost being not too far from 100 years back seems suspect even inflation/per capita wealth adjusted. Increasing urbanization in cites and sheer populati
by manquer 5y ago
Housing cost being not too far from 100 years back seems suspect even inflation/per capita wealth adjusted.
Increasing urbanization in cites and sheer population growth would have increased housing costs whichever way it is measured (ownership /rental/median /average) over 50-100 year period.
- beerandt 5y agoConstruction methods and materials have significantly reduced the amount of required labor and the cost of materials over that time period. And commuting/ communications is easier which increases supply of land/space, and reduces relative demand within cities.
- manquer 5y agoBuilding to code today is lot more expensive than building 100 years back. Labour was a lot cheaper at that time, which was the point of the post ? She could afford two servants but not other things . Commuting was not a problem then most people lived and worked in rural parts of the country.