Economy: Why home prices are expensive
Because the government devalued dollars.
Opinion: Practicing Factfulness based on data.
Because the government devalued dollars.
Much of this rise is due to the ageing of the Baby Boom and widows living alone. Half of the baby boom will be dead within 9 years.
The drop is explained by the huge "Boom" cohort now retiring and has nothing to do with AI.
Much to most people's surprise, it's gone up.
Only if smart phones were invented 200 years ago. Except for the post WW2 bump, birth rates have been falling in the US for 200+ years.
For a child born today, average K-12 spending may reach $450,000 per student, cumulatively.
Population might even be negative in 2026, and the only growth will come from immigration.
In 9 years, half of the Baby Boom cohort will be dead, Gen Millennial/Z will receive the greatest wealth transfer in history, collapsing housing markets, and great job options.
Portland spent almost 1/2 Billion $s to renovate an 800 student high school that ranks in the bottom 50% of reading, math and science scores.
Except 79% already own their own home.