That’s an exaggeration. The median price for new construction in 1980 was $64,600. [1] As for existing housing stock, the median home value in 1980 was $47,200. [2] As housing prices are heavily right skewed, the prices of cheap housing is far closer to the median than the price of expensive housing. Based on a cursory overview of some charts, it seems like the bottom 20% of houses are no more that 30% cheaper than the median, putting them in the $30k range.
Chapo0114 [comrade/them, he/him]
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Cake day: September 6th, 2020
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305·1 year agoI’m from hexbear, people are critical of it all the time on hexbear. You just can’t criticize China and not know the people there are far better off than those in the US
As opposed to the corrupt oligarchies liberal states are… I guess you just don’t call it corruption when it’s working as intended.
This just made China’s system click in my mind. Thanks Awoo
Socialism is also an economic system.
The Dems are capitalists they have much more in common with Republicans than they do with my beliefs
Hahahahaha womban wear dumb clothe
lmao. the politics understander has logged on.
1975 =/= 1980. Looks like housing went up 64% in those 5 years from the data I already linked.