Saturday, August 17, 2024

Paying in raspberries?

 Senator Elizabeth Warren joked about paying for a house in raspberries.  But she, as usual, got the pertinent facts wrong.

Average housing costs for the past 70 years (in raspberries, but as we often talk about in my math classes, various weights and measures are arbitrary):


As you can see, average housing prices haven't changed all that much and, as the article linked below points out, houses, much like many of the things we buy, are a lot nicer now that they were in 1963.

https://www.cato.org/blog/senator-warren-way-raspberries-americans-living-standards

1 comment:

John Wilder said...

Hadn't seen that one!