this post was submitted on 31 May 2024
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I think that's a little unfair of a comparison. The average house price in the US is $495k. The average house price in Ohio is $273k. Let's take Brooklyn for example. In the 80's houses were cheap in comparison to today. Ohio in the 80's were probably on par for what they are today. There was no silicon valley in the 80's. You didn't have as much of the super rich mega mansions back then. So yeah, it's going to sway the numbers.
If we're going to have super rich mega mansions, then we should be taking care of everyone at a proportionate rate. If we're not, then the tax for the rich is too low.