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by rayiner 2384 days ago
Most inflation measures include housing, education, and healthcare. The perception that the national inflation measure isn’t accurate is rooted in the fact that a small but very vocal segment of the population (yuppies in coastal metro areas) are facing very high housing and educational costs. But that’s not true of most people. Housing prices aren’t skyrocketing in the Kansas City suburbs. Most people aren’t in college and don’t have any college debt.
3 comments

They’re actually beginning to blow up in smaller markets as well, causing a housing and affordability crisis for people without higher education (and because wages are lower on average in these regions):

https://www.wsj.com/articles/in-boise-and-grand-rapids-the-h...

I don’t know if or when it will reach the Kansas City suburbs, but here in Michigan, my brother, a construction worker, is priced out of the market. He could move way out to the country, but his kid would have to change schools and have a long commute, and it’s actually a lot more dangerous to do so in the winter here.

I don't know if Austin is considered a "coastal metro area" or a "Kansas City suburb," but it's certainly happening here. Largely due to tech.
> Housing prices aren’t skyrocketing in the Kansas City suburbs.

True, but neither are employment opportunities, so it's not a great comparison. They have plenty of housing supply relative to the demand.

https://www.bls.gov/regions/mountain-plains/news-release/are...