They have been hiding true inflation with immigrant labor. At one time in the late 70's - early 80's a 1,000 s.f. house frame paid enough to buy a new 1/2 ton full size pickup truck. 2 journeymen could frame that house in 1 week. Thus, 2 weeks wages for a new truck. Housing prices we similar and have increased accordingly. The onslaught of workers drove wages way down and the developers made massive profit because they never reduced the price of the goods and services in conjunction. They put that money in their pocket and bragged about how good of business men they are. They're thieves and manipulate the markets for personal gain
But the prices can't keep going up without easy money. It's like the price of education and student loans. The government keeps increasing the loan amount and the schools can keep increasing the price / spending they do. The scammy University of Phoenix has their program (last I checked) at exactly the amount of money you can get for loans as a grad student from the government XD.
They have been hiding true inflation with immigrant labor. At one time in the late 70's - early 80's a 1,000 s.f. house frame paid enough to buy a new 1/2 ton full size pickup truck. 2 journeymen could frame that house in 1 week. Thus, 2 weeks wages for a new truck. Housing prices we similar and have increased accordingly. The onslaught of workers drove wages way down and the developers made massive profit because they never reduced the price of the goods and services in conjunction. They put that money in their pocket and bragged about how good of business men they are. They're thieves and manipulate the markets for personal gain
But the prices can't keep going up without easy money. It's like the price of education and student loans. The government keeps increasing the loan amount and the schools can keep increasing the price / spending they do. The scammy University of Phoenix has their program (last I checked) at exactly the amount of money you can get for loans as a grad student from the government XD.
Just like how landlords set apartment rent increases equal to Social security payment increases. Diluted labor cost = easy money (for the rich)