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Hasn’t the percentage an average person spends on housing significantly increased in the past 50 (or 20) years? Additionally I can’t follow your second thought
by KarlKode 2y ago
Hasn’t the percentage an average person spends on housing significantly increased in the past 50 (or 20) years?
Additionally I can’t follow your second thought: are you saying that the inflation rate is directly correlated with the rate of the value of innovation dispersement? E.g. a high inflation should eventually lead to a high dispersion of innovations/a more innovative culture?
- SubjectToChange 2y agoHousing costs wouldn’t be on anyone’s radar if they simply grew with inflation.
- madsbuch 2y agothey don't, they have the interest rate as a coefficient. interest rates have reduced signitifanctly over the past 30 years. also, remember that housing is not your San Fransisco condos. it is also the town house at some rural village.
- madsbuch 2y agothe idea with the second statement is: the cost of bringing innovation to a market where inflation is higher makes it easier to pay back to cost of the innovation. ie. you pay your salaries at index 100 and get to sell them at a higher index.