Middle class didn’t mean a big McMansion or desirable area. It meant a modest house in a small lot in a boring suburb of someplace like Detroit where you’d work for Ford or something.
Our ideas of what kind of house we should have is really distorted. It’s like pickup trucks. What was considered an everyday pickup 40 years ago was 1/3rd the size of the behemoths available today, and of course today’s trucks cost $80,000 compared to the $6,500 of something like a ‘85 Toyota Pickup ($20k in today dollars).
Capitalism run amok with the increasing need to push the line higher and maximize profits resulting in gluttony eating up all the spare money in a market.
Middle class didn’t mean a big McMansion or desirable area. It meant a modest house in a small lot in a boring suburb of someplace like Detroit where you’d work for Ford or something.
Our ideas of what kind of house we should have is really distorted. It’s like pickup trucks. What was considered an everyday pickup 40 years ago was 1/3rd the size of the behemoths available today, and of course today’s trucks cost $80,000 compared to the $6,500 of something like a ‘85 Toyota Pickup ($20k in today dollars).
Every 1950s 1k square foot track home in my area is 1 million or more no matter how dilapidated within 2hours of the metro
“Desirable area”
It’s where the jobs are
“…high paying jobs are.”
And that is the problem.
Capitalism run amok with the increasing need to push the line higher and maximize profits resulting in gluttony eating up all the spare money in a market.