You’re getting argumentative with me like I’m the one who invented Capitalism.
Is 1000% a reasonable increase to you over 20 years?
Depends in relation to the prices of everything else over that same 20 years time frame.
All I’m saying is that prices go up over time, if for no other reason than just inflation. But supply and demand has a big part of raising prices even higher, more quickly. To act surprised that properties in high demand areas are more expensive now than before just seems unrealistic/uninformed to me.
Now what the solution to this is I don’t know, I’m not an economist. A conversation can be had as to if the government should enact laws of price control for the sale of homes and attach that to some floating marker like the rate of inflation, etc. Or to pass laws to make sure minimum wages offered by any company to their employees can allow someone to afford the purchase of a home with unregulated sales pricing. But you got to vote people in office who would want to pass those kind of laws to get that.
You’re getting argumentative with me like I’m the one who invented Capitalism.
Depends in relation to the prices of everything else over that same 20 years time frame.
All I’m saying is that prices go up over time, if for no other reason than just inflation. But supply and demand has a big part of raising prices even higher, more quickly. To act surprised that properties in high demand areas are more expensive now than before just seems unrealistic/uninformed to me.
Now what the solution to this is I don’t know, I’m not an economist. A conversation can be had as to if the government should enact laws of price control for the sale of homes and attach that to some floating marker like the rate of inflation, etc. Or to pass laws to make sure minimum wages offered by any company to their employees can allow someone to afford the purchase of a home with unregulated sales pricing. But you got to vote people in office who would want to pass those kind of laws to get that.