If food, clothes, television, and transportation all get cheaper, then people are free to spend more to purchase better housing. See also: fewer people die of house fires and malnutrition, therefore more people die of heart disease.https://twitter.com/TheEconomist/status/1218945579352498178 …
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Replying to @MorlockP
>people are free to spend more to purchase better housing That's one explanation, but a) not the only one and b) rather unlikely. Is housing 61% better? Why housing and not something else? It's quite likely that an outsized proportion of wealth gains are captured by landowners.
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Replying to @JBFalke @random_eddie
False. Increased housing costs reflect, PARTIALLY, better insulation, better windows, increased fire safety, etc.
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Replying to @JBFalke @random_eddie
You said "nothing to do with quality". Arguing that increased costs are PARTIALLY or SOMETIMES caused by demand does not prove that correct.
7:36 AM - 20 Jan 2020
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