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submitted 9 months ago by Plw@lemmy.today to c/memes@sopuli.xyz
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[-] OneWomanCreamTeam@sh.itjust.works 7 points 9 months ago

Space isn't the issue here. We have more empty homes than we have homeless people.

Prices aren't astronomical because we're running out of space.

[-] htrayl@lemmy.world -1 points 9 months ago

They are astronomical because we build too large. That accounts for the vast majority of home ownership cost increases. The average home size is up 230%+ from the 70s, or 300% per person.

This makes up the vast majority of the difference in prices seen since that time.

Other direct causes are that we add two or three car garages (30k+) and increased home construction standards ( which add cost up front but often save money long term).

When looking at a price per area, the price is almost static (after accounting for inflation).

this post was submitted on 08 Feb 2024
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A meme is an idea, behavior, or style that spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme.

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