Comment by kjkjadksj
12 days ago
People literally do just that today in the midwest. The coastal housing imbalance is just that a housing imbalance and not reflective of a lack of buying power today. Also consider that americans back then outside of the car and home had no other large purchases. No computer, no $1k phone on a $1k/yr plan, no big tv. People weren’t even eating out or flying back then when they could afford a family vacation.
> americans back then outside of the car and home had no other large purchases. No computer, no $1k phone on a $1k/yr plan, no big tv. People weren’t even eating out or flying back then when they could afford a family vacation.
Back then cars and homes and essentials were relatively cheap and TVs and flying were expensive. Today it's flipped. TVs are cheap, phones are cheap. Essentials, like housing, are expensive.
https://www.youtube.com/shorts/en_VpZtUFcE
How much do you think a house costs, vs how much do you think a TV costs?
And perhaps more importantly, do you have any idea what rent currently is costing? As a fraction of median income?
This is an avocado toast argument.
What if I told you that you can buy a 3br turnkey house for maybe $100k all over the midwest. Now consider living at your parents for four years after highschool rent free while working literally any job full time. You’d probably be able to throw down 50% on that house at least.