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> Homes are out of reach for most young people - which did not used to be the case. That's been the case for most of my adult life, after the recovery from the
by eli_gottlieb 2y ago
> Homes are out of reach for most young people - which did not used to be the case.
That's been the case for most of my adult life, after the recovery from the Global Financial Crisis concentrated people into cities where it's against the law to build more housing.
- thfuran 2y ago>after the recovery from the Global Financial Crisis Depending what exactly you mean, that's less than ten years. It wasn't until 2016 that median home sale prices exceeded 2008's.
- eli_gottlieb 2y agoI was thinking more 2010, for 15 years.
- bradlys 2y agoPrices in 2010 were certainly far more achievable than they are now. I was in college and had made a lot of career plans based on typical incomes an engineer could achieve and what a decent home cost in several cities at the time. It was feasible even on a single income for an engineer. Unless I hit senior staff+ at faang, a home is out of reach in several regions. It was never cheap but it was plausible. Homes in Santa Clara weren’t always 2.5m.
- deleted 2y ago[deleted]