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The costs of renting vs buying a home:
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
No wonder people would rather rent nowadays.
"Perhaps one of the most important accomplishments of my administration is minding my own business."
Calvin Coolidge
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
― George Orwell, 1984
wow that's amazing
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
The unemployment rate was 20%+ in the Depression. It is 3.8% or so now.Originally Posted by Matt Collins
A car is actually more affordable using his numbers. Cars last four times as long and require less maintenance. Plus they are much safer and have a lot more features. The average sq footage for a home in 1930 was 1100 sq ft. It is a 2500 sq ft today. So an equivalent house would be 6.8 times income in 1930 vs 7.8 times 2023 income using his numbers. Hardly a big difference and especially so given how historically stretched home prices are right now from your chart.
Current Median income 36k , avg family savings 13k , median new home price 432K. Yr 2000 median new home price 166 k , yr 2000 median income 32k.
Do something Danke
You sure about cars lasting 4x as long? Bad road conditioners added to wear and tear back then but they were easy to work on. That said changes in technology, especially the increased speed, happened quick back then. Driving down the need to hold onto a 5 year old car imo.
Are you comparing raw carrots to cooked carrots again?
You know, there is a difference. Ask any rabbit. Or anyone with no teeth.
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