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Looking around that makes sense. Actual production shrank and almost no one can afford housing until they're middle aged. Walking down city streets the building
by usrn 5y ago
Looking around that makes sense. Actual production shrank and almost no one can afford housing until they're middle aged. Walking down city streets the buildings that aren't boarded up and decaying only have "for lease" signs in the windows.
- gruez 5y ago>Actual production shrank It did? According to https://fred.stlouisfed.org/series/USMANNQGSP https://fred.stlouisfed.org/series/USMANNQGSP, it's been steadily going up. The only thing that's shrinking is its proportion of GDP. https://fred.stlouisfed.org/series/VAPGDPMA https://fred.stlouisfed.org/series/VAPGDPMA > and almost no one can afford housing until they're middle aged ...except that shadowstat's inflation figures outstrips even housing prices[1]. Eyeballing their chart, we've been experiencing 9% growth between 2000 and 2020, translating to a 460% increase. By comparison the housing price index has only gone up 184% [1] https://fred.stlouisfed.org/series/CSUSHPISA https://fred.stlouisfed.org/series/CSUSHPISA