News for hackers. Stuff that matters.

A comment on The dangers of high status, low wage jobs. Parent comment

Re:The dangers of high status, low wage jobs by moffkalast on Wednesday February 09, 2022 @09:18AM (#30272866)
Bubbles eventually burst, just ask an economist.
[ Parent | on HN ]
Re:The dangers of high status, low wage jobs by throwaway2037 on Wednesday February 09, 2022 @11:30AM (#30274599)
Australian housing? Not yet. It's been... forever. Never burst in modern times. They even managed to ride the Global Financial Crisis tsunami in 2008. The income-to-sale-price multiplier is simply mind blowing. I do not understand it!

Ref: https://www.abs.gov.au/statistics/economy/price-indexes-and-...

[ Parent | on HN ]
Re:The dangers of high status, low wage jobs by xxpor on Wednesday February 09, 2022 @04:49PM (#30279024)
Supply constraints are powerful things
[ Parent | on HN ]
Re:The dangers of high status, low wage jobs by ajsnigrutin on Thursday February 10, 2022 @08:26AM (#30285654)
Also hoarding something, that has limited quantity.
[ Parent | on HN ]