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0 points0xDEAFBEAD2y ago0 comments

If you toggle the year to 2021, you'll see that US data on that page ends in 2019. No cherry-picking, I just chose 10 most recent years which had US data easily available.

House prices in the US are high, but not remarkably so. (E.g. Canada's house prices are higher.) I'd argue that expensive US houses have more to do with NIMBYism than the overall health of the US economy.

Focusing on housing in particular is itself a form of cherry-picking a single statistic. The median income data I linked is adjusted for cost of living, which includes housing and other stuff.

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pphysch2y ago

It's like saying the US economy is doing great in 2010 by using data that ends in 2006.

The last 3-4 years have been awful for the median American. The "prosperity" of 201X-2019 was funded by loose financial conditions: it's basically just debt. Purely debt-driven "growth" should not be mistaken for a healthy economy. And we are feeling the consequences of that debt-driven growth now, with high inflation, recession conditions, and a global sidle away from the dollar.

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pphysch2y ago

It's like saying the US economy is doing great in 2010 by using data that ends in 2006.

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