Row 60360

Row ID: 60360 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 60360 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

There's a disconnect between what people are experiencing and what the stats are showing. The problem is the stats. Have wages kept up with the price of housing? They haven't. Housing prices have doubled, and interest rates are higher, making a mortgage far more expensive. How is that reflected? They give some kind of "equivalent rent" measurement. That stat, however, is artificially held down by those that bought in 2019 or earlier with 3% mortgages. Most incomes have not kept up with the price of housing. Put another way, the question "how much do you bring home per year compared to the price of a house?" would be wildly different than what the stats are showing, mostly because they're asking something different. The same is true for the price of a secondary education, medical care, and monthly rent of an apartment. These are far more impacting to the common household than the falling price of TVs or used cellphones.

FieldValue
text There's a disconnect between what people are experiencing and what the stats are showing. The problem is the stats. Have wages kept up with the price of housing? They haven't. Housing prices have doubled, and interest rates are higher, making a mortgage far more expensive. How is that reflected? They give some kind of "equivalent rent" measurement. That stat, however, is artificially held down by those that bought in 2019 or earlier with 3% mortgages. Most incomes have not kept up with the price…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-23
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Raw Record

{
  "text": "There's a disconnect between what people are experiencing and what the stats are showing. The problem is the stats. Have wages kept up with the price of housing? They haven't. Housing prices have doubled, and interest rates are higher, making a mortgage far more expensive. How is that reflected? They give some kind of \"equivalent rent\" measurement. That stat, however, is artificially held down by those that bought in 2019 or earlier with 3% mortgages. Most incomes have not kept up with the price of housing. Put another way, the question \"how much do you bring home per year compared to the price of a house?\" would be wildly different than what the stats are showing, mostly because they're asking something different. The same is true for the price of a secondary education, medical care, and monthly rent of an apartment. These are far more impacting to the common household than the falling price of TVs or used cellphones.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1ZYTBSSk16X0NlMS1mX1ktR2gwWDNuLTJtc3l3Y1p4UF9CallWSVVZMUs3cTFGNzlscUFXdWxWS0M2a2JrYV9ERjRmcy1id2h4UmJJbkdIWW5jaHVHWFE9PQ==",
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}
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