Saturday, September 23, 2023

How Living Indoors Has Gotten So Expensive

Housing inventory has been moved off the market, and tax rolls, since the last of Glass-Steagall was repealed. Having property tax authorities check their records will reveal that the cost of living indoors has increased, at rates well above the average rate of inflation for other goods and services, artificially... largely by supply manipulation.


In the 80s and early 90s I rented >500 square foot apartments for around $350 per month... Bought and sold a house in the northern suburbs (nice neighborhood) of Dallas for $135,000... Couldn't do that for twice the price now.


The house where I live now has a, "market value," of well more than twice what it cost to build.


Can't, "cash in," because I'd still need to pay for a new place to live at today's much higher prices; no bargains anywhere.


The rate of inflation for most other things is well under the 100, plus, percent gains in housing costs in the last 25 years.

 

The fix won't be in the mix till Democrats occupy the vast majority of all elected offices.  Wishing it weren't so, as I used to do, is working against one's own best interests. 

 

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