The flaw in your comparison is when I move out of my bottom-end house to move up the housing ladder, a developer comes in and buys my affordable house, and proceeds to put a 4500 sq. ft. monstrosity on the 7500 sq. ft. lot, thereby pricing out the bottom-end. I see this constantly in the Seattle suburbs of Redmond and Kirkland. Especially Kirkland; at the rate they're going, there won't be any "starter homes" in Kirkland in ten years.
And, yeah, the "2017->2023" comparison irked me as well, with not a single nod to the highest inflation we've seen in over a generation in those intervening years.
These logical errors are rampant in any discussion regarding housing, healthcare, education, taxes, social services, and everything else that might inconvenience a billionaire ever so slightly.
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The flaw in your comparison is when I move out of my bottom-end house to move up the housing ladder, a developer comes in and buys my affordable house, and proceeds to put a 4500 sq. ft. monstrosity on the 7500 sq. ft. lot, thereby pricing out the bottom-end. I see this constantly in the Seattle suburbs of Redmond and Kirkland. Especially Kirkland; at the rate they're going, there won't be any "starter homes" in Kirkland in ten years.
And, yeah, the "2017->2023" comparison irked me as well, with not a single nod to the highest inflation we've seen in over a generation in those intervening years.
These logical errors are rampant in any discussion regarding housing, healthcare, education, taxes, social services, and everything else that might inconvenience a billionaire ever so slightly.