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Why does the value of things in dollars not make sense? (lemm.ee)

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

67 comments fedilink hide all child comments

This is difficult to explain. I can't figure out a rule of thumb for spending, the prices of things fluctuate so quickly it's confusing. Here are some examples

A house, prices are out of control, inventory is low, sellers are greedy. I'm feeling not only unable to afford it but finding lack of value in inflated prices
Computer parts. Relatively cheap compared to pandemic but more expensive than before but also much cheaper than 90s/00s, but still could be cheaper
TWS earbuds, completely different ball game from regular earbuds, disposable electronics.
Food. Nights out with drinks now sometimes cost me more than 2 & 3, but seem like just keeping up with inflation

The prices range from 100,000s to 100s, but some are fleeting, some semi permanent, some last a long time. I also spend hours researching prices of parts and waiting for sales, but spending the same amount on social events in an instant

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[–] foggy 3 points 1 year ago* (last edited 1 year ago)

I implore anyone to look into this historical fact:

The Bush's sold GW's childhood home a few months ahead of an economic recession. They rented across town for a few years while they assembled a 'historical society' to rebuy the home after the housing crisis. It is now a museum in Milton, MA.

This happened in the mid-late 80s.

Even the ultra wealthy rent, when it makes sense economically to do so.

Owning is great and equity is important. But you don't need to set owning a home in a pedestal.