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0 sats \ 1 reply \ @justin_shocknet 8h \ parent \ on: "Housing prices are not high by any historical standard" - evoskuil econ
Without being too precise, yes... the incumbent power will always fight entropy and lower prices are entropy. More efficient manufacturing should make housing "units" cheaper but I don't think it has a material impact on land prices in real-terms.
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I'd also tell anyone looking for housing never to buy anything that's not a homestead that can be productive or premium waterfront, those are hard money.
If you want to live in a box on shared land, rent and hold bitcoin.
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0 sats \ 0 replies \ @justin_shocknet 7h
What I'd really like to see are numbers that take land distortion out of the equation to the extent possible. That would necessitate controlling for density, like only comparing unit costs in a class of multi-family structures, you'd probably then have to look at the rents as a percentage of wages and not the assessed value of each unit.
That'd probably be a nightmare to gather data for though.
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