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A global housing crisis is suffocating the middle class (english.elpais.com)

submitted 1 month ago by [email protected] to c/[email protected]

129 comments fedilink hide all child comments

Prices have risen by 54% in the United States, 32% in China and nearly 15% in the European Union between 2015 and 2024. Though policies have been implemented to increase supply and regulate rentals, their impact has been limited and the problem is getting worse

Housing access has become a critical issue worldwide, with cities that were once accessible reaching unsustainable price points. Solutions that have been proposed, like building more houses, capping rents, investing in subsidized housing and limiting the purchase of properties by foreigners have not stemmed the issue’s spread. Between 2015 and 2024, prices rose by 54% in the United States, 32% in China and by nearly 15% in the European Union (including by 26% in Spain), according to the Organisation for Economic Co-operation and Development.

...

Salaries have not grown apace with real estate prices. In the EU, the median rent rose by 20% between 2010 and 2022, with rental and purchase prices growing by up to 48%, according to Eurostat. Underregulated markets are wreaking havoc, and in the United States and Spain, 20% of renters spend more than 40% of their income on housing, while in France, Italy, Portugal and Greece, that percentage varies between 10% and 15%, according to the OECD. Many countries have created programs aimed at increasing the future supply of public housing, but their effectiveness has yet to be determined and analysts say that results will be limited if smarter regional planning decisions are not made.

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[–] [email protected] 13 points 1 month ago (3 children)

Yeah. Al sold shoes. Unreal.

[–] [email protected] 35 points 1 month ago (1 children)

It was also a work of fiction.

Or propaganda.

A lot of 80s/90s TV was selling a lie because it was primarily written by the upper middle classes portraying the lives of the working class.

They had little idea how things actually worked.

[–] [email protected] 3 points 1 month ago

You do know that there are people walking around your town who were alive in 1970, right?

[–] [email protected] 11 points 1 month ago

And had money to go to the nudie bar...

[–] [email protected] 8 points 1 month ago* (last edited 1 month ago)

A bunch of people complaining about a show they clearly never watched.

He barely supported a family of 4 on that pay. Especially the early seasons make running gags that they're all on the brink of starvation as in fighting over an m&m they found in the kitchen to a tiny scrap of food elsewhere in the house, and skipping out on checks if they are out. Marcy had often complained the Bundy household was an eyesore for the neighborhood and was dilapidated. Plus his Dodge which was in constant disrepair, and was so old the odometer had rolled over from 999,999. Even more running gags about how Al only owns 3 pairs of underwear, all his socks are falling apart and have holes in them, and his generap wardrobe is cheap and out of date even for the time period. Al and Bud are often looking for some kind of side hustle while Kelly likely gets a lot of stuff bought for her from all the guys she dates.

But let's not forget an the important fact...it's a fictitious TV show made for the purposes of entertainment about a lower class family and anyone who tries to use it as examples of affordability or someone living beyond their means should have lost all credibility to their argument.