this post was submitted on 04 Feb 2024
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A Boring Dystopia
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Where I'm from, the median house price has risen 600% relative to the median income in the past 50 years.
That means the deposit we pay today is the equivalent of the entire 30 year mortgage of the people calling you lazy.
Yup, the 137 points is just "core" inflation. Education, Housing, Food, and Cars all come in over that. Which is fine because those aren't necessary in the US right?
And yet nearly anyone IRL you point this out to spouts some form of free market propaganda bullshit.
When houses cost twice a person's salary there were no 30 year mortgages.
True - that's been the response to pricing getting out of control rather than addressing the fundamental issues with the economy.