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I don't know you personally but I know that the economy of USA before the 80s allowed people to have a one income household and live a good life. Now we have two income households and it is still a rat race.
It's not one person's fault. But ignoring the fact that wages hasn't kept up with inflation, especially house prices isn't fair to me.
Average age for a woman to have a child now is 27 years. Do we really want that number to creep up to 30? Child rearing is already hard, you need to be young yourself so that you can keep up with your kids. What sort of society do you want to live in? One where everyone is an old person and there's no kids around? That sounds terrible honestly. Sacrificing the younger generation so that housing prices remain high for the previous old generation seems selfish to me.
housing prices are high because of supply not monetary inflation ... decrease demand or get more supply and prices go right down . look at oil . it is cheaper today then 18 years ago ...
blame politicians or blame yourself for living in an area with shortages in supply in housing .
this is not corrected by wages increasing ...only increasing supply or decreasing demand brings prices down ...
as mircea points out
" The purpose of Demand-pull Inflation is to prevent --- do you know what "prevent" means? I'm guessing you don't since you don't -- the over-consumption, over-use or depletion of goods, services and resources and that includes housing, depletion of goods, services and resources.
Therefore, it makes zero sense to increase wages, since that only serves to enable continued over-consumption, over-use or depletion of goods, services and resources, which results in even higher prices.
If people cannot afford to purchase the goods, services and resources affected by Demand-pull Inflation, then they need to seek substitutes, stop consuming or move to increase Supply to offset the rate of increase of Demand (assuming that's even possible in the first place"
It's not only a wage issue. Supply can't keep up with demand in our top metros. You can't build a new 1/1 in SF for less than a 750k, that's pretty insane.
In all fairness, when a tenant comes here and asks advice, the only people who are knowledgeable enough to give them an informed response are landlords.
We're not all unreasonable people. I'm not going to give you incorrect info because you're a tenant.
People who want to make their relationship an adversarial one with their landlord need to take a step back and look at the big picture.
I don't know you personally but I know that the economy of USA before the 80s allowed people to have a one income household and live a good life. Now we have two income households and it is still a rat race.
It's not one person's fault. But ignoring the fact that wages hasn't kept up with inflation, especially house prices isn't fair to me.
Average age for a woman to have a child now is 27 years. Do we really want that number to creep up to 30? Child rearing is already hard, you need to be young yourself so that you can keep up with your kids. What sort of society do you want to live in? One where everyone is an old person and there's no kids around? That sounds terrible honestly. Sacrificing the younger generation so that housing prices remain high for the previous old generation seems selfish to me.
I grew up in a neighborhood where every father served in the military as did most older brothers...
For serving they earned VA benefits and home ownership for most was only possible because of this... as was higher education... thing is these benefits are still there.
As for the pre 80's there were 16% mortgage interest rates, gas lines with 10 gallon limits on odd or even days and California.
Double digits property tax increases led to Prop 13 because people were taxed out if there homes...
In all fairness, when a tenant comes here and asks advice, the only people who are knowledgeable enough to give them an informed response are landlords.
I'd disagree. There are plenty of knowledgeable tenants who post here fairly regularly. And there are some LLs who post tripe. And vice versa.
I'd disagree. There are plenty of knowledgeable tenants who post here fairly regularly. And there are some LLs who post tripe. And vice versa.
What tenant is constantly hanging around this forum that has good information? That is not in my experience at least. Hell, the legal aide law students in offices around my local court houses have given out bad legal advice regarding rental laws to my tenants before.
You can take your advice from a tenant(I guess), but you're better off asking a landlord who's been in the biz for decades.
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