But we’re talking roads here, and roads are built with bitumen. The fact is that bitumen is getting scarcer and more expensive. Our cars are getting more fuel efficient and EVs don’t use fuel at all. But the cars still require the same amount of road, the same amount of bitumen, or maybe even more since cars are heavier and faster now.
We can’t extract oil just to make bitumen. That’s not economical. We primarily extract oil to get the fuel we need, and we get a certain amount of bitumen as a by-product.
Our parents generation was lucky that oil was practically pouring out of the ground..
It would have an even smaller effect on road maintenance costs.
This is the most prosperous, generous, and advanced civilisation ever, with the largest number of billionaires.
But most people who are younger than Boomers are poorer than their parents, and public infrastructure and public services have somehow become unaffordable.
Try comparing how many minimum wage paychecks you needed to buy a house then and with how many you need now and what is took to build a house (including permits and land) and what it takes now.
It will be different form country to country and the tech level was lower but the majority of the young ones these days will neven own (paid morgage) a house by the time they are 35.
That could be fixed.
My Grandparents raised 4 children in a 2 bedroom 1 bath 900 square foot home, which was a "standard home" in the 40/50's
Today the standard home is 2x the size with more bathrooms, and larger lots. This is a source of alot of the problems as well. When developers build a subdivision they are not building small homes, they are building 4 bedroom, 3 bath, 2,000 square foot homes
Overall The World Is Becoming a Better Place [1]
Same for electric lines, and those lines have to carry _way_ more power. And Internet cabling, and road surface standards are higher, blah blah forever.
Size and modernity makes this not scale so linearly
The debt of modern development is higher than the debt of the previous cycles.
Home sizes in Paris haven’t changed much over the past 50 years.
Yet, prices have exploded. Heck, they’ve skyrocketed. For the exact same thing. Only a bit older.
New apartments, no bigger but built in the suburbs, far from the subway (and not close to the regional trains) cost the same as the old ones of the same size did in Paris 10 years ago (and they were already priced crazily).
With the same numbers of bathrooms but no job that could enable one to afford such a place less than 45 minutes away.
The 2.000sqft 3 bathrooms home with a lawn appears to be a very American thing.
Other nations have other issue, largely that they are locked in with limited amounts of land that can be repurposed for housing, thus this supply restraint is some of the cause of the price increases there. For example the nation of France is SMALLER in land area than the State of Texas yet has over 2x the number of people occupying that smaller land area
The US has TONS of underused land that is continually being developed for new suburban housing additions
Thank you for that.
Road maintenance must be so much easier today than in the 70s. It feel to me neglect is by choice not necessity.
This is completely false. Even just repaving usually has longer schedule.
Really?
Smallest trim/model 1999 F150 curb weight ~3900lbs
F150 2020 model ~4000lbs
(the F150 apparently can all go up to almost 5000 lbs)
VW Jetta 1991 ~2700 lbs
VW Jetta 2020 ~3200lbs
VW Golf 1992 ~2400lbs
VW Golf 2020 ~3000lbs