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> but today I would need to make about 1.5x more to afford a home here. but there's no reason why you'd expect that the price of anything would stay at the exa
by chii 4y ago
> but today I would need to make about 1.5x more to afford a home here.
but there's no reason why you'd expect that the price of anything would stay at the exact same ratio it was 30 yrs ago.
The increase in prices of real estate is demand and supply driven, which implies that way more people got way more richer than you in the intrim 15 yrs. And not to mention some bad gov't policies that prevented an increase in supply, while demand increased, and you see high prices.
- ok_dad 4y ago> but there's no reason why you'd expect that the price of anything would stay at the exact same ratio it was 30 yrs ago. I am specifically saying that homes in my area, and most others, have risen in price at a MUCH faster rate than incomes. My example was meant to describe that situation, not just "standard inflation".