Wednesday, November 15, 2006

Economics!

So there is that "truth" out there that we live in rough times, economically, because housing is so much more expensive as a percentage of income than it has been in the past. I'm sure that's true if you correct for inflation. But what if you correct for square footage per person? Because it's also true that homes are getting larger and larger (140% in 60 years), while families are getting smaller. This is an odd way of looking at the numbers, but is illustrative, I think. If I knew where to look for better data, I could do better.

But it seems like these numbers balance out, or even make it cheaper to live nowadays. If you assume that we have choices over how much space we rent or buy, and choices over who we live with.

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