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by helen___keller
942 days ago
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economics have been largely unpredictable since the industrial revolution. i have no idea what the situation will look like in 1-3 generations when the largest gen dies off, declining birth rate, etc it does suck for a large number of young people who have no hopes of ever owning a home close to jobs. Right now if I'm searching for homes in my urban region (the whole region), the graph of prices shows a mode at 1-1.25MM. Even current rates notwithstanding, this is a bafflingly high price for a region of 5 million people, statistically 90-95% of have no hope of affording prices that high without some external wealth (e.g. parents). |
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