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!
I live in Seattle suburb. Our real estate has doubled in less than 10 yrs. Gone up 25% in the last year alone. 18% yr before that. It's looking like SFO,or NYC for prices, but too many can't afford to live here.
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!
When did housing double? Over the past year?
I don't have the graphs but i think a decade in most metro areas in the USA... It keeps increasing even now... So it's more than double.
When my father made 8 dollars an hour in the 80s in a big city the 2 family house he got was 80k.
The same job pays 25 now, but the house is 900k.
Wages went up 3x but housing went up 10x.
but count how much one spends on mortgages and property taxes vs gas and food
I live in Seattle suburb. Our real estate has doubled in less than 10 yrs. Gone up 25% in the last year alone. 18% yr before that. It's looking like SFO,or NYC for prices, but too many can't afford to live here.
The appraised value on a single family I own in Texas (Houston suburb) increased 26% from 2021 to 2022. This follows an 18% increase the prior year.