Re:Gen Z does not dream of labor
by hackerfromthefu on Monday April 25, 2022 @11:15AM
(#31156040)
In 1946 that house was in the styx with bugger all facilities and infrastructure about it. Fast forward 76 years of development and that house is now in the center of a large city full of facilities and opportunity.
To compare the 1946 houses location you need to pick something with the same level of amenity, which will be probably a country town.
Re:Gen Z does not dream of labor
by mrguyorama on Monday April 25, 2022 @04:30PM
(#31160181)
The problem is that a cheaper house in the country no longer has jobs. Americans don't earn enough in average to afford to support local businesses, so every dollar made gets basically exported from the town to walmart or amazon.
That $150k house in the boonies, even if it was built yesterday, has less value, because the community it is in is in the process of dying and has no opportunity. That same house in the same town sold for $60k in 1989, while that very town was much more functional, alive, and happy than it is now.
Horseshit. Homes built in 1946 are selling for millions of dollars, even if they're going to be torn down and rebuilt for marginal cost. You're not buying a house, you're buying the land and taking responsibility for everything on it.
And even then, the lumber you get out of such an old house is quite valuable virgin oldgrowth, a better quality product than you can buy at a lumber yard today.
And, to pick a nit... comparing the median income to median house price is an examination of relative price, not absolute.