At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

  • Rocket@lemmy.ca
    link
    fedilink
    arrow-up
    1
    arrow-down
    15
    ·
    edit-2
    1 year ago

    Uh, what rising home prices?

    You mean the dead cat bounce seen earlier this year? That’s just confirmation of the market having already crashed.

      • Rocket@lemmy.ca
        link
        fedilink
        arrow-up
        1
        arrow-down
        4
        ·
        edit-2
        1 year ago

        Interesting that you think pointing out the obvious requires effort. It does not. It requires almost no effort at all. The data speaks for itself.

        I suppose when one is more concerned about people than information, life no doubt seems hard. Data is simple, but people can be quite complex. I am not sure there is actually any value in that complexity, though. Have you considered that you might be challenging yourself for no reason?

          • Rocket@lemmy.ca
            link
            fedilink
            arrow-up
            1
            arrow-down
            3
            ·
            1 year ago

            What’s funny is that you don’t realize that’s what conversation is for – to learn about what you don’t know.

            If one knew absolutely everything they would have absolutely no reason to speak.

                  • Rocket@lemmy.ca
                    link
                    fedilink
                    arrow-up
                    1
                    arrow-down
                    1
                    ·
                    edit-2
                    1 year ago

                    Quite right. Which is why we have conversations - to move past that. That’s the whole reason for conversing.

                    Unfortunately, that is lacking here. It is quite curious that you want to see me remain an idiot. Why is it that you are so afraid of someone rising up to be better?