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TimmJimmGrimm t1_j7sfmd7 wrote

This is a really nifty point. The houses went to a solid middle class standard but the wages went nowhere in four decades, effectively pricing people out of their own homes.

Well put, but i am surprised that i haven't seen this before.

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mhornberger t1_j7shcyh wrote

Houses have also gotten much larger. If you compare price per square foot, the increase in price isn't as great. But our expectations have gone up, faster than our income.

Per that last link:

>>On a per square foot basis using median home prices and median square footage, the inflation-adjusted price of new homes has been relatively stable since 1973

So our houses are larger, better insulated, etc. Our standards have gone up. But our income hasn't gone up nearly as much.

I think there's a similar issue with childcare, another big issue. When I was a kid, childcare was a random teenager. Plus I was frequently home by myself, at an age where that would be illegal today. But now childcare workers get paid more, are CPR trained, insured, etc. Plus we have more expectation that childcare be enriching, rather than the kid being dumped in front of the television.

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TimmJimmGrimm t1_j7t9gmt wrote

This is wild: i cannot imagine ANY home in the Vancouver BC mainland area. They were horribly expensive decades ago and this went crazy. You are right though: there are houses that are considered 'heritage' and they are very much cottage sized.

Nifty take on childcare-inflation. That also goes along with eduction inflation - everyone is expected to have at least one degree to be a 'professional'. I wonder how else the workforce changed besides the elimination of most farmers and weird shifts in trades.

One of the things they mentioned in problems with pre-fab houses, they noticed that having a 'Big Room' was hard to build and ship in factories. So what they did was combination building: they would have all the small rooms pre-fab built and the large room would be built on-site by the trades.

I wonder if this is why pre-fab homes are less popular. It is just harder to build these mega homes ('made up entirely of large rooms') with pre-fab, so collectively people gave up on them.

Must get to bed... but lots of stuff to mull on. Thank you.

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