4 ms·

The overall economy inflation numbers are completely meaningless when cost of education, housing and healthcare has been skyrocketing for more than a decade, ma

The overall economy inflation numbers are completely meaningless when cost of education, housing and healthcare has been skyrocketing for more than a decade, maybe even longer. The average worker, especially those with families, have seen their costs inflate much, much higher than 11% per year for quite some time.

chrchang523 4y ago
Much higher than the previous official inflation rate of 2% per year, yes. But not (previously, anyway) higher than 11%.
IMTDb 4y ago
11% of growth every year for 10 years is 2.83, almost 3. Things haven't gotten 3 times more expensive in the last decade - far from it.
- glouwbug 4y ago
  Unless you’re from Vancouver or Toronto where detached homes went from $300k to $1.6m from 2005
erwincoumans 4y ago
In Foster City, CA, bay area, a salary of $146k is considered low income, and can get access to affordable housing [1]. A 3/4 bedroom townhouse in Foster City, CA bay area used to be 800k usd 10 years ago, today it goes for 2M usd, with offers 200k to 400k above asking price. [2] [3] [4] [1] https://www.fostercity.org/faqs?keys=&field_microsite_tid=All&field_tags_tid=731 https://www.fostercity.org/faqs?keys=&field_microsite_tid=Al... [2] https://deniseliew.realscout.com/homesearch/listings/p-812-magellan-ln-foster-city-94404-mlslistings-853 https://deniseliew.realscout.com/homesearch/listings/p-812-m... [3] https://deniseliew.realscout.com/homesearch/listings/p-893-erickson-ln-foster-city-94404-mlslistings-0 https://deniseliew.realscout.com/homesearch/listings/p-893-e... [4] https://deniseliew.realscout.com/homesearch/listings/p-1112-forrestal-ln-foster-city-94404-mlslistings-115 https://deniseliew.realscout.com/homesearch/listings/p-1112-...
- standardUser 4y ago
  That $146k/yr is for a family of four. A lot of affordable housing is built for middle-income households.
overtonwhy 4y ago
You should learn how inflation is calculated before spewing this stuff. Maybe try providing references to reputable sources as well? https://www.bls.gov/cpi/questions-and-answers.htm https://www.bls.gov/cpi/questions-and-answers.htm

chrchang523 4y ago

Much higher than the previous official inflation rate of 2% per year, yes. But not (previously, anyway) higher than 11%.

IMTDb 4y ago

11% of growth every year for 10 years is 2.83, almost 3. Things haven't gotten 3 times more expensive in the last decade - far from it.

glouwbug 4y ago
Unless you’re from Vancouver or Toronto where detached homes went from $300k to $1.6m from 2005

erwincoumans 4y ago

In Foster City, CA, bay area, a salary of $146k is considered low income, and can get access to affordable housing [1]. A 3/4 bedroom townhouse in Foster City, CA bay area used to be 800k usd 10 years ago, today it goes for 2M usd, with offers 200k to 400k above asking price. [2] [3] [4] [1] https://www.fostercity.org/faqs?keys=&field_microsite_tid=All&field_tags_tid=731 https://www.fostercity.org/faqs?keys=&field_microsite_tid=Al... [2] https://deniseliew.realscout.com/homesearch/listings/p-812-magellan-ln-foster-city-94404-mlslistings-853 https://deniseliew.realscout.com/homesearch/listings/p-812-m... [3] https://deniseliew.realscout.com/homesearch/listings/p-893-erickson-ln-foster-city-94404-mlslistings-0 https://deniseliew.realscout.com/homesearch/listings/p-893-e... [4] https://deniseliew.realscout.com/homesearch/listings/p-1112-forrestal-ln-foster-city-94404-mlslistings-115 https://deniseliew.realscout.com/homesearch/listings/p-1112-...

standardUser 4y ago
That $146k/yr is for a family of four. A lot of affordable housing is built for middle-income households.

overtonwhy 4y ago

You should learn how inflation is calculated before spewing this stuff. Maybe try providing references to reputable sources as well? https://www.bls.gov/cpi/questions-and-answers.htm https://www.bls.gov/cpi/questions-and-answers.htm