nfinf.substack.com
Inspired by some of the conversations we had here about the experiences of previous generations (especially with /u/the_nybbler, and yes, I know you're not a boomer), I wrote up a post that challenges a common narrative of how good the boomers had, and how screwed the millennials are. Main point is that the houses were not that much cheaper relative to now, and the interests rates were murderous. Enjoy!
(I'm a regular poster here, but I wanted to separate the identities for opsec purposes).
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Notes -
I appreciate that you did the research that somewhat proves what I have hypothesized about the housing market in general - as the cost of money decreases, prices of goods increase. House supply is relatively constrained and are unable to meet demand. This goes both ways - people leaving the area causes price shock as less and less people are in the area, usually houses aren't destroyed when someone moves out. Goes the same in reverse, it can take a year or more to build a house and longer for an apartment building so if there is a sudden influx of people, there are more people trying to buy the same basket of goods and prices increase.
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