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>you can narrow your focus down considerably to just the post-2000 era This gets back to my original point. My claim is that most of the post-2000s (or a speci
by bumby 2y ago
>you can narrow your focus down considerably to just the post-2000 era
This gets back to my original point. My claim is that most of the post-2000s (or a specific location) is not normal from historical perspective, but we’re treating it like it is. Just because it may be the totality of a person’s/generation’s experience doesn’t mean it defines a good measure of “normal” or even “ideal”. In many ways, housing prices of that era may have even been a lagging indicator of sub-ideal aspects of the economy.
- recursivedoubts 2y agoI find nothing to disagree with in that claim, but I do think there is a significant housing bubble that is putting tremendous stress on young people (and young families) in particular. I will admit that involves value claims that I cannot and do not intend to convince you of. edit: i suppose I should say that I consider most of the 2000s a housing bubble, 2000-2008: the main growth, 2008-2014 the crash, 2014-covid the echo bubble, covid is covid, and now a hyper-bubble. so I agree entirely that the 2000s have never been "normal"
- bumby 2y agoYeah, I’m not disputing that housing prices are out of whack, my qualm was with the author using SV as an example to show they are 10x their “normal” price of the past. I think there are better, more accurate ways to make the comparison.