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Comment by ejb999 | Hacker News Reader

>>In the current environment, cost inflation is not a problem anymore.

Everyone person who lives paycheck to paycheck, and is barely keeping their head above water as the cost of everything continues to skyrocket disagrees with you.

Good luck telling them that "cost inflation is not a problem anymore".

I can't speak to how things are in Denmark, but without a doubt the situation for young people (especially those looking to rent or buy a house ) HAS changed dramatically for the worse in the USA.

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Please don't mix up monetary and fiscal policies.

The US is not famous for their redistribution politics especially not the past 30 years.

In Denmark we have numerous policies in place, that ensures that housing stays as housing and does not become a speculative asset - this is good if you want to buy a house the popular places.

Also, remember this is macro dynamics. Yes, houses are more expensive in the bay area. But I bet that housing has comparatively gone down in value in less popular areas.

>>But I bet that housing has comparatively gone down in value in less popular areas.

You would lose that bet.

Other than a few places where the town/city as literally being abandoned (i.e. towns in the middle of nowhere were the last factory has shut down) - home process have gone up everywhere in the last 3-4 years, and pretty dramatically so.

Americans are more than capable of changing these things through fiscal policies.

Or just impose regulations: an example of what we do in Denmark is to make house owners liable for having somebody to live in the unit (bopælspligt).

Would you seriously want the FED to solve the housing crisis instead of democratic appointed representatives?

that is absolutely absurd.

edit:

Anyways, to keep focus median house prices has seen a major correction after interest rates went up: https://fred.stlouisfed.org/series/MSPUS

combine this with higher salaries, and you can infer yourself that you get more house for you money now.

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