255
submitted 2 years ago* (last edited 2 years ago) by MicroWave@lemmy.world to c/news@lemmy.world

We’ve been dealing with high inflation in this economy over the last several years, with everything from groceries to new vehicles to construction supplies soaring in price.

But for one item in particular — houses — we’ve seen such sharp inflation over decades that it’s starting to change the landscape of American economic life. What happens in society, and in history, when costs for basic necessities, like shelter and food, shoot up in price? 

Let’s start by going back four decades, to 1984. The movie “Ghostbusters” was a blockbuster that year. And the median price of a new home wasn’t so scary: $79,900 in the fourth quarter of 1984, according to data from the Department of Housing and Urban Development.

Since then, consumer prices overall have risen 203%, according to the Bureau of Labor Statistics information and analysis section. Meanwhile, the median price of a new home was $417,700 in the fourth quarter of 2023. That works out to an inflation rate of 423%.

you are viewing a single comment's thread
view the rest of the comments
[-] grue@lemmy.world 4 points 2 years ago

It used to be a lot more possible up until about a decade ago, even in Sunbelt cities like Atlanta.

[-] OpenStars@discuss.online 5 points 2 years ago* (last edited 2 years ago)

Oh absolutely yes. I mean, prior to Roe v. Wade being overturned, it was even relatively safe for women there too, I would guess.

Back when I was on Reddit I used to read a lot of posts on nursing subs, and I recall a story where some guy brought in federal funding to start an entire institute somewhere east of Springfield, Missouri iirc. Think of all those jobs... However, he cancelled it and left the state b/c of all the literal death threats he received during the early days of the pandemic. AN ENTIRE INSTITUTE!!?!! And iirc he wasn't even so much concerned with himself as his family like his daughter. 2020 was not a "safe" place for a medical researcher to be in Missouri. That state is actually somewhat known for this too - e.g. that is where Hawley was the only senator to vote against a child sex slave trafficking bill (surely there could not be any uh... nefarious uh... "reasons" for such, wink? 🤮).

A mere house with four walls and a roof over your head is not a home. People outright desire to pay for solid rather than unreliable infrastructure - electricity, policing, services like trash collection, a bridge if you need it, etc. - these things cost money, at which point the corporations tacking on enormous overheads to price people out of owning a "good" home is an actual travesty of justice, that will literally get people killed, as they instead have to compromise on something, like access to medical care and safety.

Edit: I don't know about Atlanta in particular, but any actual "city" will be liberal (I would guess?) - e.g. not have full-on card-carrying KKK members as their police, and that one with the CDC I would guess would have good healthcare? Even if someone had to drive a bit to get to it.

this post was submitted on 19 Jun 2024
255 points (100.0% liked)

News

36399 readers
2074 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS