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Author says, "just live like they did in the 50s." Looking around me, there are plenty of homes from the 70s or earlier. Even from early 20th century. Guess wha
by aschearer 4y ago
Author says, "just live like they did in the 50s." Looking around me, there are plenty of homes from the 70s or earlier. Even from early 20th century. Guess what, they're all way more expensive. More or less the same price as the ones built in the past 20 years. And, no, I don't live in an elite tech hub.
Just look at Case Shiller[1], 63 in 1987 and 299 today -- so about 5x more expensive.
Also have to laugh out loud about the point that families in Niger or, previously, South Korea raise families with virtually no money. Yes, duh. But why bring it up? Are they seriously advocating we adopt those standards? You first!
[1]: https://fred.stlouisfed.org/series/CSUSHPISA https://fred.stlouisfed.org/series/CSUSHPISA