It’s sad to live in such a contradictory world. A construction worker needs to work a few months to build a home, but would need to work 50 years to pay it. The problem is that most of people just get used to, instead of consider that something completely unacceptable, that’s why there’s no reaction, and the few people who dear to react are considered “weirdos” by the rest who just conforms.
Leaving aside the value of land which is a whole other can of worms - how much time do you think building said house would take if you first had to gather the raw materials?
There’s a lot more labour involved in building a house than that of the construction worker.
Yep, you’re right. But the example I gave above is a symptom that something is broken. Many decades ago, in many countries within the Western hemisphere, a middle class worker with NO university at all was able to buy a home in only 10 years, whilst feeding a family of 4. Nowadays we reached the situation where some cities in the world are renting capsules for individuals: in L.A., for instance, there are renting capsules for living at a monthly price of $750 (check the video about it).
Take in mind that the video above was published in 2019, the capsules price are very likely higher now. Bart Simpson’s tree house was bigger and healthier than that. I’m not an economist, but I think the proof that buying homes can be much easier is that it was already done in the past.
You’re not wrong, but a lot of it is the fact that everyone wants to live in a few big cities where all the fun stuff is. Nearly 20 million people live in the vicinity of LA. NYC metropolitan area is over 20 million and the 5 boroughs themselves have over 8 million people. London is 9 million for the city proper.
If you live in bumfuck, nowhere… Prices are way different. Still worse than “many decades ago”, but nowhere near as bad as in the big cities.
It’s sad to live in such a contradictory world. A construction worker needs to work a few months to build a home, but would need to work 50 years to pay it. The problem is that most of people just get used to, instead of consider that something completely unacceptable, that’s why there’s no reaction, and the few people who dear to react are considered “weirdos” by the rest who just conforms.
Leaving aside the value of land which is a whole other can of worms - how much time do you think building said house would take if you first had to gather the raw materials?
There’s a lot more labour involved in building a house than that of the construction worker.
Yep, you’re right. But the example I gave above is a symptom that something is broken. Many decades ago, in many countries within the Western hemisphere, a middle class worker with NO university at all was able to buy a home in only 10 years, whilst feeding a family of 4. Nowadays we reached the situation where some cities in the world are renting capsules for individuals: in L.A., for instance, there are renting capsules for living at a monthly price of $750 (check the video about it).
Take in mind that the video above was published in 2019, the capsules price are very likely higher now. Bart Simpson’s tree house was bigger and healthier than that. I’m not an economist, but I think the proof that buying homes can be much easier is that it was already done in the past.
You’re not wrong, but a lot of it is the fact that everyone wants to live in a few big cities where all the fun stuff is. Nearly 20 million people live in the vicinity of LA. NYC metropolitan area is over 20 million and the 5 boroughs themselves have over 8 million people. London is 9 million for the city proper.
If you live in bumfuck, nowhere… Prices are way different. Still worse than “many decades ago”, but nowhere near as bad as in the big cities.