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Housing has become too expensive. The US would see huge GDP growth if it reduced the percentage of wages going to housing and rent-seeking corporations.
by bushbaba 4y ago
Housing has become too expensive. The US would see huge GDP growth if it reduced the percentage of wages going to housing and rent-seeking corporations.
- zozbot234 4y agoHousing is not expensive in much of the country. You're looking at a handful of heavily urbanized areas and projecting those dynamics to the rest of the U.S.
- bluedino 4y agoIt is now. Those $125,000 1400sq ft houses in the flyover states doubled in price over the last two years.
- xxpor 4y agoHousing in cheap in the unproductive areas of the US.
- formerkrogemp 4y ago> Housing is not expensive in much of the country. Citation needed. Take me to this mystical place. I have lived in a couple of flyover states. Rent and housing aren't getting cheaper anywhere, compadre.
- antifa 4y ago> You're looking at a handful of heavily urbanized areas and projecting those dynamics to the rest of the U.S. There's a good reason for this, the vast majority of people aren't shopping for homes in places without jobs.
- dwater 4y agoHousing values are strongly correlated with the local economy. By and large, the areas with cheap housing have weak job markets and low wages, and vice versa. Remote work may change this some, and it's great if you have the privilege of that option, but it is certainly not the norm across all workers.