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me_irl (thelemmy.club)
submitted 3 months ago by to c/me_irl@lemmy.world
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[–] 1 point 2 months ago (2 children)

Am I dumb or is that not supposed to be normal? With inflation you don’t expect it to go down, you expect it to go up a little bit every day.

“The housing market is doing better” doesn’t mean prices are going down, but rather that it isn’t going up as fast as it used to.

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  • [–] 4 points 2 months ago (1 child)

    I think the point is that the pricing is much higher than it ought to be, so to get genuinely better the prices either have to go down or you have to have a very long period of them not going up as much as inflation.

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  • [–] 5 points 2 months ago*

    This. It's not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster.

    Adjust for inflation and you'd see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap.

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