How many hours a person in USA needs to work to buy a house:
- 1950: 4,400 hours
- 1970: 12,000 hours
- 1990: 21,000 hours
- 2010: 21,000 hours
- 2024: 33,000 hours
A human lives for 700,000 hours.
This implies an actually working person, not some printer scum
The hours will trend lower as time goes by and as people adopt Bitcoin as savings 😀
In 1927: 3,300 hours etc etc
The median house price is over $400,000 now.
The United States adds over $70,000 of debt per second.
Every eight seconds, that’s another house.
Six seconds. Still too early for math.
‘Tis a lot of house they could be building.
The third of a few points in chat gpt about US paying Debt. 🧐
Budget Surpluses: On rare occasions when the federal government runs a budget surplus (spends less than it collects in revenue), it can use the surplus funds to pay down some of its debt. However, these instances are infrequent.
Will not borrow money to the US government. 😅
It would be interesting to pair this with some kind of settling density metrics.
In Switzerland you for example can get a very old and very remote house for 200k. But as soon as it’s in a comfortable distance to Zurich, it’s first unavailable (not much supply) and second at least 1000k.
I wonder how this looked like in 1950. Could you create a metric like per 10km driving to center per square meter living space?
Shocking statistics. How can a young person ever realise his dream of owning his own house
and building quality goes down
it is not a real computer if it is not a desktop pc
oh well, what can you do: everything stays on Nostr forever. Even comments that shouldn't be here 😅
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