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leguy | 3 years ago

> It's yet another sign the standard of living is declining for the young.

Or maybe a reflection of higher expectations? Housing, healthcare, and vehicles are all examples of things that both cost more and are much more advanced than the same version previous generations had.

Also young people are living in cities more than previous generations and those cities are denser. The value prop of a car, price aside is less than it was for previous generations.

discuss

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dilap|3 years ago

Cars and healthcare are debatable, but with housing you're literally buying the same houses as the previous generation, just way more expensive.

https://www.zillow.com/homedetails/4518-Rosedale-Ave-Austin-...

https://www.zillow.com/homedetails/1339-46th-Ave-San-Francis...

https://www.zillow.com/homedetails/677-Harmony-Ln-Ashland-OR...

lotsofpulp|3 years ago

The economic value of a location changes over time, so the land component of the house is not the same. Plus increases in population can dramatically shift supply and demand curves.