Oct 15, 2021
9:00:02am
9:00:02am
I think the hope is that home prices get crushed at some point. Wage inflation
would be really bad. That kind of inflation is NOT transitory (Econ 101). Wages are sticky. You can't go, oh yeah, we're gonna dock your pay by $25,000 this year.
The problem I see with new high floor on house prices is big banks buying houses. Seems like it should be taxed like CRAZY to avoid the negative impacts that will inevitably result from big, faceless owners, pricing people out of homes. This might become a personal mission for me.
The problem I see with new high floor on house prices is big banks buying houses. Seems like it should be taxed like CRAZY to avoid the negative impacts that will inevitably result from big, faceless owners, pricing people out of homes. This might become a personal mission for me.
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- grosven
- Joined
- Aug 13, 2009
- Last login
- May 18, 2024
- Total posts
- 13,282 (41 FO)
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Time
10/15/21 8:16am
10/15/21 8:20am
Utah is still 30% or more cheaper in housing than California. That said, Utah had a YoY increase in wages
10/15/21 8:21am
10/15/21 8:23am
Not close. Last year I looked into a job at a newly listed public tech company in Utah - would be a 65%+ pay cut.
10/15/21 8:23am
10/15/21 8:26am
Tech trans attorney. My current company has me with golden handcuffs, and I'd take a paycut going pretty much
10/15/21 8:30am
10/15/21 8:32am
10/15/21 8:48am
10/15/21 8:51am
10/15/21 8:47am
Again, show me where you are seeing that data. Before 2020 Utah was increasing, it decreased in 2020
10/15/21 8:49am
10/15/21 9:13am
10/15/21 9:45am
10/15/21 9:25am