Federal Reserve keeps printing money, making it worth less than before. Inflating prices by causing devaluation of the dollar.
4 months ago (edited) | 13
And if a few more Luigi’s do the Luigi maybe we’ll get the dollar menu back
4 months ago | 151
In the 60s in the UK it was a thousand or two for a house, I got a ten shilling note (50p today) and it lasted me 6 weeks as a kid in 1968. I remember taking a half pence (a quarter of a new pence) to the shop and getting four chews with it. In the 70's our house was 3k my wage was £17 a week. It is all relative. My son in law earns 1 K a week and his first house was 50K, it wasn't a great area but it was a year's wage.
4 months ago | 0
Printing fiat dollar is the reason and race of becoming billionaire
4 months ago | 5
A huge part of why it’s broken is because mostly there’s 2 options… big single family residence or renting an apartment. After traveling you see in places where there’s less “homeless” there’s more types of homes. Sure we have condos, but they’re not that common, due to many zoning laws we don’t have many frontage properties (properties that have essentially no lawn, are right up to side walk) Townhouses are also very rare, and houses houses that share walls. Everything is car dependent, Americans are very allergic to having pedestrian / commuter friendly infrastructure because muh car. I can imagine even SFR would be more achievable is ppl didn’t need a 24-50k driving investment just to get to work. It’s not just the ladder that’s it’s beoken
4 months ago | 7
If they’re that high in one place, they’re lower in another place. Hell they’re practically giving away houses in detroit 😬
4 months ago (edited) | 1
They climbed up the ladder but once they got to the top, they burned it and laughed as those beneath them burned alive.
4 months ago (edited) | 4
Oh we know corporate took over the house industry, where them CEOS at ? I’m tryna see some
4 months ago | 1
The government does not want a house correction because many would be under water on their mortgages
4 months ago | 0
In Pittsburgh you can buy a new home for $250k-$350k price range. I know it’s pricier in more desirable locations but you can still afford one somewhere.
4 months ago | 0
Jake Tran
From basic to beyond reach: $19K in the '60s to $750K in 2022. See how the housing market has turned a fundamental need into a luxury, altering the dream of homeownership. The ladder of economic mobility has shattered, leaving many families behind.
4 months ago | [YT] | 1,281