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Interesting article
Posted: Mon Jan 03, 2022 8:07 am
by garys
https://www.foxnews.com/lifestyle/what- ... -1972-2022
How things have changed in the last 50 years in the US. Income has increased by 6x while house prices and gas prices have increased by 12x. I wonder how car prices have increased in that same time? For most people, home and car purchases are their largest purchases.
I also read another article this morning that indicates that each year, a smaller percentage of people in the US can afford to buy their own home and are being forced to rent instead.
Perhaps this country is doing some things really wrong with our ecomomy.
Re: Interesting article
Posted: Mon Jan 03, 2022 10:57 am
by JPG
Compare the housing being built today with that being built then.
granny smith vs crab apples.
I am surprised only a 1:2 ratio.
Re: Interesting article
Posted: Tue Jan 04, 2022 9:59 am
by Ed in Tampa
There is a way to stop some of this. Refuse to buy things that cost too much. Stop trying to get rich by selling things at higher prices. It is all Chinese money. Your house value increases double but the cost to buy another house doubles. No profit just breaking even but in most cases people actually fall behind because they buy a more expensive house.
The consumer still controls the market if they take their heads out of their butts.
Re: Interesting article
Posted: Tue Jan 04, 2022 10:06 am
by wa2crk
I used to drive a VW beetle years ago. $2.00 to fill the tank and I was on fumes. I just filled up my Kia Soul,I had a quarter of a tank and it cost me $31.00 + But I have to admit that the Soul is a lot more car than the VW
Bill V
Re: Interesting article
Posted: Tue Jan 04, 2022 10:46 am
by edma194
wa2crk wrote: ↑Tue Jan 04, 2022 10:06 am
I used to drive a VW beetle years ago. $2.00 to fill the tank and I was on fumes. I just filled up my Kia Soul,I had a quarter of a tank and it cost me $31.00 + But I have to admit that the Soul is a lot more car than the VW
Bill V
50 years ago the price of gasoline was about to jump to over $1.00 a gallon for the first time. The filling station pumps couldn't even set their prices higher than 99.9¢ a gallon. In 2022 dollars that gasoline would cost more than $6 a gallon. Things have certainly changed, but not always in the way we think of it. Everything certainly was better in the old days, no doubt about that, but mainly because I was much younger then.