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by eddy_chan 1416 days ago
Too much of what you pay goes to the rentier that owns the premises. Inflation of ingredients, inflation of wages, inflation of utilities. It all adds up. Something gets squeezed, either the experience or your wallet. As other posters have said, climate change, war adds to it too. And the world has just about reached peak-population outside of Africa. The developed world including all the industralial powerhouses of Asia definitely have. You are already ahead of the curve with your enjoyment of 'free' experiences.

What you've noted is the beginning of the secular decline in consumptive/material living standards for at least the next 60-80 years after which earths population would have declined to 5-6 billion and the population pyramid is more balanced and all the current 'humps' in it have died off.
2 comments
dzhiurgis 1416 days ago
> goes to the rentier that owns the premises

Was looking at some premium clothing with my partner at the primest spot in town, discounted from 300 euros to 100 when I realised all the margins go to the property owner…

Most of peoples wages go to pay rents too…

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techsin101 1416 days ago
future historians would probably remember this era as post-industrialization hyper rent sucking era fueled by short-sighted govt policies, lobbyists/interest groups, and greed.
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csomar 1416 days ago
Sorry, but that's a tons of horse**. You can rent a villa with a pool today in Ubud, Bali for as little as $30 per night. You can get reasonable food at a restaurant for as little as $3. I also booked a flight from Istanbul to Ankara (one-way/mid-August) for $28.

This is a US problem. Yes, the world is going through serious inflation right now but nothing comes close to the US.

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badpun 1416 days ago
> I also booked a flight from Istanbul to Ankara (one-way/mid-August) for $28.

> Yes, the world is going through serious inflation right now but nothing comes close to the US.

Turkey is actually at 60% inflation right now.

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csomar 1415 days ago
I think the flight price will be adjusted to the USD/gas prices; I don't think they'll be subsidizing those out of there pocket (it's a touristic country). Yes, I'm aware they are going through rampant inflation, but I'd expect any arbitrage to be played out fairly efficiently.
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