@SAPinkker In the 1970s, material goods, such as cars, were lousy, but status goods were affordable. Back then, it was easy to afford the basics of a bourgeois life, such as a house with a yard in a decent public school district, a college education, and health insurance.https://twitter.com/sapinker/status/1147201553977237504 …
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Replying to @Hanniba75180360 @Steve_Sailer
We could have just built more houses in high demand areas. There’s no reason for the price of housing to rise faster than inflation.
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Of course there is - since there's no law enforcement and organizing for self defense is super, mega illegal the only way to keep criminals away from your neighborhoods is to price them out and geographically isolate Housing inflation masks a decline in social technology
1:56 PM - 6 Jul 2019
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