3 ms·

You use a very solid metric with respect to "the value of land and real estate [...] (relative to incomes)", but how do you measure "the decline of culture and

• pwnstigator 17y ago
  Obviously, it's more subjective. That said, the fact that X is directly measurable while Y is slightly subjective does not mean that an X:Y connection isn't worth discussing. When real estate is expensive, it means that (1) past wealth is being valued highly against present labor and future potential (e.g. talent) and (2) that the wrong people are winning. It's a really bad sign; it signifies that a society is past its prime, and will fall into feudalism if changes do not occur.