Striker@lemmy.world to A Boring Dystopia@lemmy.world · 5 months agoPoignant post on the state of thingslemmy.worldimagemessage-square323fedilinkarrow-up11.49Karrow-down151
arrow-up11.44Karrow-down1imagePoignant post on the state of thingslemmy.worldStriker@lemmy.world to A Boring Dystopia@lemmy.world · 5 months agomessage-square323fedilink
minus-squareWaxedWookie@lemmy.worldcakelinkfedilinkarrow-up84·5 months agoWhere I’m from, the median house price has risen 600% relative to the median income in the past 50 years. That means the deposit we pay today is the equivalent of the entire 30 year mortgage of the people calling you lazy.
minus-squareMaggoty@lemmy.worldlinkfedilinkarrow-up34·5 months agoYup, the 137 points is just “core” inflation. Education, Housing, Food, and Cars all come in over that. Which is fine because those aren’t necessary in the US right?
minus-squaremerc@sh.itjust.workslinkfedilinkarrow-up2·5 months agoWhen houses cost twice a person’s salary there were no 30 year mortgages.
minus-squareWaxedWookie@lemmy.worldcakelinkfedilinkarrow-up1·5 months agoTrue - that’s been the response to pricing getting out of control rather than addressing the fundamental issues with the economy.
Where I’m from, the median house price has risen 600% relative to the median income in the past 50 years.
That means the deposit we pay today is the equivalent of the entire 30 year mortgage of the people calling you lazy.
Yup, the 137 points is just “core” inflation. Education, Housing, Food, and Cars all come in over that. Which is fine because those aren’t necessary in the US right?
Removed by mod
When houses cost twice a person’s salary there were no 30 year mortgages.
True - that’s been the response to pricing getting out of control rather than addressing the fundamental issues with the economy.