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Freepers Still Love war Parody ... Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" "Yes, We Need Deportations Without Due Process" "Trump's Tariff Play Smart, Strategic, Working" "Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. 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What Happens Inside Gaza’s Secret Tunnels? | Unpacked Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225 EXPOSED: The Dark Truth About the Hostages in Gaza New Task Force Ready To Expose Dark Secrets Egypt Amasses Forces on Israel’s Southern Border | World War 3 About to Start? "Trump wants to dismantle the Education Department. Here’s how it would work" test "Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working" "Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly" "Trump and His New Frenemies, Abroad and at Home" "The Left’s Sin Is of Omission and Lost Opportunity" "How Trump’s team will break down the woke bureaucracy" Pete Hegseth will be confirmed in a few minutes Status: Not Logged In; Sign In Economy See other Economy Articles Title: Here's Why Housing Is Unaffordable for the Bottom 90% Source: Of Two Minds URL Source: https://www.oftwominds.com/blogsept23/gentrification9-23.html Published: Sep 18, 2023 Author: Charles Hugh Smith Post Date: 2023-09-18 02:20:48 by Charles_Byrd Keywords: None Views: 915 Comments: 4 This is the direct consequence of the Federal Reserve's decades of unprecedented stimulus: extremes of wealth and income inequality that gave the wealthiest households the means to bid up housing to the point it's no longer affordable to the bottom 90%. The superficial conclusion that the reason why housing is unaffordable is a scarcity of housing misses a key dynamic in supply and demand: who has too much money and where do they park it?? Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 1. #1. To: Charles_Byrd (#0) There's also the factor of massive population growth. When I was born, the US population was a little more than half of what it is right now. In the intervening decades, the population has doubled, which crudely would mean double the amount of housing needed. But actually that number is bigger. When I was born, there were about 73 million children. That's a little less than 1 in every 2 people was a kid. Beyond that, 72% of the adult population was married. Today, the population has doubled, but there are still only 73 million children in the US, and the marriage rate population has tumbled to 45%. So, we need at least three times as much housing as we used to, and most of the housing stock has turned over since then, as have the regulatory restrictions on building houses. All of this drives up the price of houses by at least 300%, even if our money was literally gold and silver and there was no inflation at all. Vicomte13  posted on  2023-09-18   12:50:12 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 1. #2. To: Vicomte13 (#1) If we deported the illegal invaders housing and beef would both be cheaper. Bacon too. A K A Stone  posted on  2023-09-18 22:13:16 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 1. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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