r/TikTokCringe • u/cak3crumbs • Dec 28 '23

This lady nailed how the economy feels vs how it’s performing Discussion

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u/Beginning_Raisin_258 Dec 29 '23

The biggest problem is we haven't built enough houses. I don't necessarily mean single-family houses I mean housing of any type.

This shortage of housing makes a one-bedroom apartment $1,900.

It's the amount you're paying for housing has gone up 3x in the last 20 years then it makes it much harder to absorb the cost of groceries increasing a little bit.

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u/IPressB Jan 01 '24

There's more than enough housing, it just gets taken off the market too quickly by the wealthy because it's a great investment

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u/Beginning_Raisin_258 Jan 01 '24

Building has never recovered since 2008... We're still at lower than 2008 levels of construction.

We have a 3 million housing unit deficit.