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This works both ways, though. How many people realize, for example, that housing affordability for anybody with a mortgage has actually been mostly increasing f
by dionidium 4y ago
This works both ways, though. How many people realize, for example, that housing affordability for anybody with a mortgage has actually been mostly increasing for decades:
https://twitter.com/wanyeburkett/status/1558489610304589824 https://twitter.com/wanyeburkett/status/1558489610304589824
The conventional wisdom is literally the opposite of what's been happening. The recent run-up is notable in that it wiped out a bunch of those gains and took us back to levels last seen in 1989. In other words, housing has been getting more affordable since 1989 -- again, literally the opposite of what people think -- and we've just now gotten back to those levels after a historic run-up in prices (and, of course, things were much worse before 1989).
Every generation thinks they have it worse than anybody before them, but you should always be extremely skeptical of such claims.