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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (51626)	3/4/2008 3:02:55 PM
From: TimF	Read Replies (1) \| Respond to of 543200

The houses are generally better and much bigger. There has been an increase in prices (until recently) that goes beyond that, but if you look at the average new house built in 1970 and compare it to the average new house built today the actual change in the house is clear. You cannot claim that a house built for $5K in the 1940's in Palo Alto, even with some updates, somehow means the current purchaser forking over $1M for it, is getting something magically nicer. With the updates it is probably nicer, but it doesn't really matter if its worse instead. The average house is bigger and generally nicer, you could list a long list of old houses that haven't been improved, or new houses that are small and otherwise undesirable, but those anecdotes don't reflect the overall reality, and the fact that the same or equivalent houses have also gotten more expensive doesn't change that reality, its a separate fact not a refutation of the original claim.