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I hear this every time. It doesn't effing matter if i don't have the option to buy a 1960s size house, let alone the newer larger home, die to price increases a

I hear this every time. It doesn't effing matter if i don't have the option to buy a 1960s size house, let alone the newer larger home, die to price increases and high interest rates. Your analysis does not explain away decades of mediocre wage growth in the face of inflation in healthcare, education and housing costs.

gruez 4y ago
> I hear this every time. It doesn't effing matter if i don't have the option to buy a 1960s size house, let alone the newer larger home, die to price increases and high interest rates. I mean, you could, either in the form of apartments (which are essentially smaller houses) or houses in less desirable areas (shittier houses).
badpun 4y ago
But you do have an option to buy an 1960s house. They weren't all demolished - they're still here and naturally some are for sale. > Your analysis does not explain away decades of mediocre wage growth in the face of inflation in healthcare, education and housing costs. Wages are typically computed per household. In the late 1960, a tsunami of divorces and single-parent households started occuring (something that wasn't widely culturally accepted before then), which makes comparisons of household wages before and after an apples to oranges comparison. It's basically bad stats. Re: rising costs of (higher) education and healthcare. It's partially similar to the housing situation. The standard of service people get (and expect to get) today is dramatically higher than in 1960s. In 1960s, we didn't even have MRIs... Nowadays medicine is packed with expensive technology and drugs - that has to inflate the price. Similarly, today's university environment is a combination of an university of the past with a high-class resort (the student facilities are basically on the level of good hotels in many cases) - that's gotta inflate the price too. Add extractionary practices of the medicine insurance companies cartel and university administrators on top of that, and that pretty much explains current prices.
- Apocryphon 4y ago
  If the median quality of these goods and services goes up, and so does the median price, then why hasn't the median affordability risen proportionally along with this? You're blaming the lack of wage growth on bad stats, which sounds like a just-so story.

gruez 4y ago

> I hear this every time. It doesn't effing matter if i don't have the option to buy a 1960s size house, let alone the newer larger home, die to price increases and high interest rates. I mean, you could, either in the form of apartments (which are essentially smaller houses) or houses in less desirable areas (shittier houses).

badpun 4y ago

But you do have an option to buy an 1960s house. They weren't all demolished - they're still here and naturally some are for sale. > Your analysis does not explain away decades of mediocre wage growth in the face of inflation in healthcare, education and housing costs. Wages are typically computed per household. In the late 1960, a tsunami of divorces and single-parent households started occuring (something that wasn't widely culturally accepted before then), which makes comparisons of household wages before and after an apples to oranges comparison. It's basically bad stats. Re: rising costs of (higher) education and healthcare. It's partially similar to the housing situation. The standard of service people get (and expect to get) today is dramatically higher than in 1960s. In 1960s, we didn't even have MRIs... Nowadays medicine is packed with expensive technology and drugs - that has to inflate the price. Similarly, today's university environment is a combination of an university of the past with a high-class resort (the student facilities are basically on the level of good hotels in many cases) - that's gotta inflate the price too. Add extractionary practices of the medicine insurance companies cartel and university administrators on top of that, and that pretty much explains current prices.

Apocryphon 4y ago
If the median quality of these goods and services goes up, and so does the median price, then why hasn't the median affordability risen proportionally along with this? You're blaming the lack of wage growth on bad stats, which sounds like a just-so story.