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107 sats \ 0 replies \ @ZezzebbulTheMysterious 5h \ on: "Housing prices are not high by any historical standard" - evoskuil econ
Wages are 1/7th their value 30 years ago denominated in gold.
Housing is 75% its price 30 years ago denominated in gold.
Houses are cheaper, but your parents earned 7x as much.
The money is broken. We absolutely are not wealthier today when you consider hard asset value equivalence.