Quote:
Originally Posted by NemesisX
Quote:
Originally Posted by RickFLM4
I think you missed the point of that second article. It is saying the opposite of what you are saying, including the following:
So on an inflation-adjusted basis, Americans are actually paying only slightly more today for a new house on a per square-foot basis ($120) than in 1973 ($114.42), for homes that are of higher quality and more energy-efficient with more features like air conditioning, fireplaces and multiple garages. Overall, the increasing amount of living space (especially when adjusted for declining household size), the improvements in housing quality, the increased number of features, and relative affordability of new houses today means that living standards continue to gradually, but consistently, improve year after year for millions of Americans.
Miami is affected by a lot of foreign buyers and that is unlikely to change. I moved 75 miles north back in 2002 because I chose not to pay the price to live in Miami and didn’t want to live in Miami. Even back then $300K in a place like Pinecrest was a tear down. If someone doesn’t like the economics where they live, they can move and find another job or source of income.
|
So true in so many aspects of our lives. The luxury sports cars of today that are accessible to people making around $100k per year are faster, more luxurious, more reliable than the supercars of the early 90s that were accessible only to the top 0.1%. |
That's due to lengthy car loans and high interest rates, not the price of vehicles being more attainable, it's actually quite the opposite, similar to student loans.