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HOUSING PRICES Every time I see a story about economic anxiety and dissatisfaction among people under 40, I want to etch "housing prices" on a hammer and beat

by api 3y ago

HOUSING PRICES Every time I see a story about economic anxiety and dissatisfaction among people under 40, I want to etch "housing prices" on a hammer and beat people over the head with it. Housing prices are the economic problem in most of the developed world. The economic problem, singular. Everything else is at least okay, and some things are great, but housing prices negate it all. Canada seems to have this disease worse than (most of) the US. Not sure why. It looks like utter madness, especially since Canada has a lot more land than the US per capita. https://worksinprogress.co/issue/the-housing-theory-of-everything/ https://worksinprogress.co/issue/the-housing-theory-of-every... I think that article understates its case. Real estate prices are destroying civilization. So many other problems are downstream of real estate hyperinflation.

randomdata 3y ago
> especially since Canada has a lot more land than the US per capita. Unless you want to live off by yourself in the isolated tundra, the land anywhere close to civilization is highly sought after farmland. Farmland values is the even more interesting story in Canada, having increased at a rate eclipsing the growth in housing prices over the past 15 years or so. Cities have become so expensive largely because sprawling out into that farmland has become so much more expensive as compared to the historical norm.