Inflation has been climbing since the real estate boom, when houses more than doubled.
How come this wasn't a big deal when it was happening?
Instead people bitch about gas and food, but housing takes more than half our budgets!
A good example, my father bought a multi family house in the 80s for 80k while he made 8 an hour. Today the same…
A good example, my father bought a multi family house in the 80s for 80k while he made 8 an hour.
Today the same job pays 25 per hour but the house is 900k
Wages went up 3x, housing went up more than 10x
https://www.commondreams.org/news/2022/03/10/us-corporations-boost-profits-crushing-price-hikes-blamed-inflation
The most egregious inflation is reflected in the stock "market".
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Inflation has been climbing since the real estate boom, when houses more than doubled.
How come this wasn't a big deal when it was happening?
Instead people bitch about gas and food, but housing takes more than half our budgets!
A good example, my father bought a multi family house in the 80s for 80k while he made 8 an hour.
Today the same job pays 25 per hour but the house is 900k
Wages went up 3x, housing went up more than 10x
https://www.commondreams.org/news/2022/03/10/us-corporations-boost-profits-crushing-price-hikes-blamed-inflation
The most egregious inflation is reflected in the stock "market".