fireweed@lemmy.world to me_irl@lemmy.world · 3 days agome_irllemmy.worldimagemessage-square43linkfedilinkarrow-up1452arrow-down14
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minus-squarezikzak025@lemmy.worldlinkfedilinkarrow-up14·3 days agoLooks at “Housing Prices Hit All-Time High” news article from a few months ago The kicker? The only reason there haven’t been more recent articles about it is because every day is a new record high.
minus-squareSorryQuick@lemmy.calinkfedilinkarrow-up2arrow-down1·3 days agoAm I dumb or is that not supposed to be normal? With inflation you don’t expect it to go down, you expect it to go up a little bit every day. “The housing market is doing better” doesn’t mean prices are going down, but rather that it isn’t going up as fast as it used to.
minus-squareSystemDisc@feddit.orglinkfedilinkEnglisharrow-up4·3 days agoI think the point is that the pricing is much higher than it ought to be, so to get genuinely better the prices either have to go down or you have to have a very long period of them not going up as much as inflation.
minus-squarezikzak025@lemmy.worldlinkfedilinkarrow-up5·3 days agoThis. It’s not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster. Adjust for inflation and you’d see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap.
Looks at “Housing Prices Hit All-Time High” news article from a few months ago
The kicker? The only reason there haven’t been more recent articles about it is because every day is a new record high.
Am I dumb or is that not supposed to be normal? With inflation you don’t expect it to go down, you expect it to go up a little bit every day.
“The housing market is doing better” doesn’t mean prices are going down, but rather that it isn’t going up as fast as it used to.
I think the point is that the pricing is much higher than it ought to be, so to get genuinely better the prices either have to go down or you have to have a very long period of them not going up as much as inflation.
This. It’s not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster.
Adjust for inflation and you’d see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap.