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Future of American Dream 🏡
(lemmy.today)
Post memes here.
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.
An Internet meme or meme, is a cultural item that is spread via the Internet, often through social media platforms. The name is by the concept of memes proposed by Richard Dawkins in 1972. Internet memes can take various forms, such as images, videos, GIFs, and various other viral sensations.
Laittakaa meemejä tänne.
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.
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).