The best simplest way to measure the happiness of the people in a place is the median income divided by the median housing price.
This is the most basic explanation for why everyone is so unhappy globally, despite huge advancements in technology.
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This is the most basic explanation for why everyone is so unhappy globally, despite huge advancements in technology.
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Think about it:
You want to know how “well-off” you are. You have a salary, but that’s a number. So you ask yourself: what can I buy with this salary? Stocks are too abstract to mean anything. Education you probably don’t need. Healthcare expenditure is random.
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You want to know how “well-off” you are. You have a salary, but that’s a number. So you ask yourself: what can I buy with this salary? Stocks are too abstract to mean anything. Education you probably don’t need. Healthcare expenditure is random.
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Food is cheap and hard to calculate; “what is $25 times 365 times the number of years I will live? Too complicated.” So what do you use to measure how well off you are? Housing. Everyone needs a house and they want to own it so they’re not owned by their landlord.
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So thats it. That’s the Occam’s razor:
Happiness = median salary / median house price
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Happiness = median salary / median house price
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Bonus tweet:
I suspect that this is why no one is having kids. It’s because they feel poor. They feel poor because of the cost of housing. And why is housing so out of whack? Yeah supply issues with permitting, but also cantillon effect from quantitative easing.
I suspect that this is why no one is having kids. It’s because they feel poor. They feel poor because of the cost of housing. And why is housing so out of whack? Yeah supply issues with permitting, but also cantillon effect from quantitative easing.
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