>>507690436
>It only took 2 years to save to buy a house in the fucking 70s.
I dont believe this because i did the math and it takes a minimum of 2 years of labor to build a house, including the work on site and to make the materials. Around 4000 man hours, at whatever wage thats the time it takes. And labor is the cheapest component of building a house as laborers are cheap.
For a mor realistic calculation, materials for a house are at least 100.000 dollars. Just the wood, cement, tiles, everything. Of a typical gringo house, 24000 square meters. I did the math, it likely costs more now, thats like 2 years of wages only on materials.
Fun fact: The cost of materials and the wages for construction workers have DROPPED vs the average annual wage, in comparison to how it was in 1970, manufactured items you can buy at a home depot style of store are cheaper now, it would still cost 2 years of wages to buy enough to build a house.
Not counting anything else.
What went up? The price of land and the rest is just insane developer profit. Thats what monopolies get you.