5 ms·
It's a bit of a stretch to call 1946 a similar place. In 1946 there was a lot of pent-up demand for housing and consumer durables and a young fast-growing popu
by tuatoru 2y ago
It's a bit of a stretch to call 1946 a similar place.
In 1946 there was a lot of pent-up demand for housing and consumer durables and a young fast-growing population. Now, not so much.
It's also a stretch to call 1990 a similar place for similar reasons.
We really are in a never-before-seen place with our current population age structure (old age dependency ratio) and fertility rates.
- omgwtfbyobbq 2y agoI think there are some similarities. There's also a lot of demand for housing now, but it's mostly for affordable housing. Most housing was affordable after WWII, compared to now when a lot of housing isn't affordable. Population growth has slowed, but there's a good chance it would increase if affordable housing was available. We are in a unique place now, and I think we were in 1946 too. I'm not saying everything will be fine, but I don't think it benefits us to say that this is uncharted territory either.