How can house prices be so high though?
How can house prices be so high though?
www.nbcnews.com Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer
With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
cross-posted from: https://lemmy.world/post/15690874
Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer
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Because the wealthy class has decided to invest in literally everything as a further way to extract money from the working class.
Don't forget foreign investment. It's super cool of a government to allow foreign countries to speculatively invest in our housing.