Quote (NetflixAdaptationWidow @ Nov 3 2021 04:28pm)
My house was built in the 40's. Yeah, not as good as modern houses.
But we aren't talking about inflation of prices of modern houses. We're talking the average price of houses. It's great that houses get better, but if the populace can't afford them who cares if they're more modern?
The far greater driving factor to pricing inflation of houses is that housing became a major investment vehicle, and as a result the price of houses has massively increased beyond the price increase from modernizing and beyond the price increase from inflation.
investing in a home that has force air, a dish washer, pvc piping that will last 100 years, a mound system that wont need pumping like a septic system, etc. makes sense.
old houses are just flammable shitboxes where a lot of costs are deferred, like heating/cooling, etc. comfort is worth investing in, as is life of a good.
again, there ARE nefarious actors in the space, and plenty of fuckery, but a lot of legitimate factors.