3 ms·
Why 50%? For an exaggerated example, what percentage of a dozen chickens eggs are unaffordable? Probably the top 0.00001% - some kind of rare egg. What percen
by quickthrower2 4y ago
Why 50%?
For an exaggerated example, what percentage of a dozen chickens eggs are unaffordable? Probably the top 0.00001% - some kind of rare egg.
What percentage of private jets are
affordable to buy outright?
Even with houses: what percentage in SF vs Detroit?
Point is there is no base figure, there
is just the figure.
- throwaway09223 4y agoBecause there is a value gradient. Eggs are generally equal, fungible. Real estate is not - there are strong preferences between different units. If there is a value gradient, people will be willing to pay more for the more valuable units, raising their price relative to less desirable units. This same question was asked and answered above in more detail: https://news.ycombinator.com/item?id=35041925 https://news.ycombinator.com/item?id=35041925
- manwe150 4y agoI don’t know about grocery stores in your area, but I can easily find egg cartons with 2-3x price differences sitting next to each other in my city. Most people (the median) buy the cheapest. But the average cost of sale is slightly higher since a fraction are willing to pay much more.