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return2ozma@lemmy.world to News@lemmy.world · 2 days ago

Americans grapple with affordability crisis: "Hard for me just to survive"

www.cbsnews.com

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Americans grapple with affordability crisis: "Hard for me just to survive"

www.cbsnews.com

return2ozma@lemmy.world to News@lemmy.world · 2 days ago
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A teacher, a police officer and a senior job seeker share the stress and frustration of trying to stay afloat amid surging costs.
  • tal@lemmy.today
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    1 day ago

    People were buying houses that were smaller despite having larger household sizes then.

    https://www.aei.org/carpe-diem/new-us-homes-today-are-1000-square-feet-larger-than-in-1973-and-living-space-per-person-has-nearly-doubled/

    1000009199

    More housing is where most of our increases in wealth have gone for the past century.

    EDIT:

    https://247wallst.com/special-report/2016/05/25/the-size-of-a-home-the-year-you-were-born/

    This has size increase by decade.

    In 1920, the average size of a new house in the US was 1,048 square feet, 248 square feet per person.

    By 2015, the average size was 2,657 square feet. 1,046 square feet per person.

    In the US, we have some of the largest houses in the world.

    https://worldpopulationreview.com/country-rankings/house-size-by-country

    The Europeans manage to get by with considerably smaller houses. You could fit nearly three average British homes — the British tend to be on the small side on housing — inside one average American home.

    EDIT2: Elon Musk got on the whole “small house” fad thing a few years back. He lives in a $50k, 400 square foot box, and he’s the richest guy in the world. So we definitely could get by with considerably smaller houses.

    • brendansimms@lemmy.world
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      20 hours ago

      Absolutely no way that nazi fuck lives in that tiny house. And people don’t get to choose what size houses are getting built, developers build homes by parameters outlined to maximize their profits. Then they slap the word ‘Luxury’’ in front of home and apartments to add a couple more thousand to the price. then some ‘passive-income’ touting fuck buys the house and uses some poor renters meager salary to pay off the mortgage.

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