Oddbean new post about login | logout nostr:note1a87jq6s45nexfh4sy0n2aq6z6t0j7zufzeekemjeghv40tp8p9sqf4wwem 100x in 100years.. Things start to change in your mind when you understand the house didn't get 100 times bigger in 100 years.. neither people got 100 times smaller.. The only thing that changed is the purchasing power of the tool we used to exchange and store our work/time. 100 years later you have to work100 times more, or give 100 times more your saved time in order to purchase the same things. Insane.
Kinda depressing 😔
At least I opened my eyes and figured it out before I was too old..
What’s also disgusting is how salaries are not 100x higher.
And what is more infuriating is that even if they were, probably houses would be 1000x in that case.. nuts.
Yep. It’s all madness. And I can remember it within my lifetime too. A relative on an average salary was able to buy two houses outright back in the 70s (with some hard saving). Someone in that same job role now struggles to buy one of those houses across a 25 year mortgage. Mental.
I have not that age of experience, but I did notice the difference in the last 20 years.. basically for more and more young couples, 2 wages are not enough to even ask for a mortgage without some other assurance (parents house or similar).