Do you think that if inflation drops from 3% to 2% that things got cheaper?
We’re still bringing in significantly more people than we’re building houses to support. Building 400 houses when you brought in 1000 isn’t enough lol.
No wonder they’re able to lie to you. You haven’t understood the graph.
Do you think that if inflation drops from 3% to 2% that things got cheaper?
No, this is not the same concept. Inflation is increase in prices over a set period. (Typically given per year). It’s a rate of change. I’ll try spell out for you what the graph I linked to means, but it’s not showing rate of change per time. It’s showing a ratio of current houses, to current population for each given year.
We’re still bringing in significantly more people than we’re building houses to support. Building 400 houses when you brought in 1000 isn’t enough lol.
This is total housing per person at the given year. NOT the rate of change.
Let’s take the reciprocal fractions, maybe you’ll get it then…
In 1990 there were ~2.65 people dwelling (1000/377). In 2022 there we only ~2.38 people per dwelling (1000/420). At that date, not rate of change like you’re imagining.
I’m really hoping you understand now, that per person there are MORE houses than there were 30 years ago, but this hasn’t caused the price of housing to drop because this hasn’t translated into more available houses (because of aforementioned hoarding) and because of commodification of housing.
After this I’m gonna give up, and be sad that people didn’t pay attention in maths because they “weren’t going to use it” ☹️
Do you think that if inflation drops from 3% to 2% that things got cheaper?
We’re still bringing in significantly more people than we’re building houses to support. Building 400 houses when you brought in 1000 isn’t enough lol.
🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
No wonder they’re able to lie to you. You haven’t understood the graph.
No, this is not the same concept. Inflation is increase in prices over a set period. (Typically given per year). It’s a rate of change. I’ll try spell out for you what the graph I linked to means, but it’s not showing rate of change per time. It’s showing a ratio of current houses, to current population for each given year.
This is total housing per person at the given year. NOT the rate of change.
Let’s take the reciprocal fractions, maybe you’ll get it then…
In 1990 there were ~2.65 people dwelling (1000/377). In 2022 there we only ~2.38 people per dwelling (1000/420). At that date, not rate of change like you’re imagining.
I’m really hoping you understand now, that per person there are MORE houses than there were 30 years ago, but this hasn’t caused the price of housing to drop because this hasn’t translated into more available houses (because of aforementioned hoarding) and because of commodification of housing.
After this I’m gonna give up, and be sad that people didn’t pay attention in maths because they “weren’t going to use it” ☹️