Re:Low interest rates in advanced countries have pushed mone...
by cma on Wednesday November 24, 2021 @07:30PM
(#29336913)
Somewhat true if you mean not adjusted for inflation. But that means you can buy more too with higher wages (except low-wage jobs haven't kept up). If you mean rare woods and stuff, maybe so. But compare the labor part of modern forrestry to the stuff 130 years ago:
https://www.komatsuforest.com/-/media/komatsu-forest/images/...
A machine grabs the tree, cuts it from the ground, rolls it through a thing to remove all the branches all in just a few rapid smooth movements.
Re:Low interest rates in advanced countries have pushed mone...
by maximus-decimus on Wednesday November 24, 2021 @07:54PM
(#29337082)
to build an old house like the old one will be impossible because you can't put asbestos in your walls and and have to comply with other build codes that were introduced over the last 120 years.
They are both worth more over time.
To build a new house just like the old one will cost more since labor went up and materials went up.