"Sure, your car manufacturer can raise their car prices, but their competitors won't."
LOL see housing prices 2000-2007-ish
Or education price and medical prices in the USA for a couple generations. "Oh, you say your health/kids education is priceless, well guess what we're about to charge"
Free market. Housing prices didn't go up universally. Most people were insulated from health care costs by insurance. Education was still affordable, even if we couldn't put ourselves throu school like we did in the 90s.
> Education was still affordable, even if we couldn't put ourselves throu school like we did in the 90s.
Um. Education debt is now the single largest source of debt in the country, and it's rapidly expanding. A sector in which cumulative debt is consistently expanding is by definition "not affordable". In the last decade, prices at schools in my area have quintupled. I dare anyone to say that the value of the degree purchased has kept equivalent pace.
Who sets the interest rates, which set the house prices?
"Housing prices didn't go up universally."
Where?
The .gov sets the interest rate. The median joe6pack WILL live in the median joe6pack house. Therefore joe6pack's fixed (declining) income expendable on the mortgage, sets both joe6pack's payment and his standard of living.
LOL see housing prices 2000-2007-ish
Or education price and medical prices in the USA for a couple generations. "Oh, you say your health/kids education is priceless, well guess what we're about to charge"