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842 points putzdown | 2 comments | | HN request time: 0s | source
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csense ◴[] No.43693018[source]
There are plenty of people saying these tariffs will not work.

But a person used to be able to graduate high school and get a job that could support a house with a yard, a car, a non-working spouse and children.

How we get that level of prosperity back? That's the people really want. Tariffs are simply a means to that end.

I wish people would stop writing articles about 100% criticizing tariffs and instead write articles 50% about criticizing tariffs and 50% brainstorming alternative solutions to achieve the same objective.

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kjkjadksj ◴[] No.43693418[source]
People literally do just that today in the midwest. The coastal housing imbalance is just that a housing imbalance and not reflective of a lack of buying power today. Also consider that americans back then outside of the car and home had no other large purchases. No computer, no $1k phone on a $1k/yr plan, no big tv. People weren’t even eating out or flying back then when they could afford a family vacation.
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1. XorNot ◴[] No.43694283[source]
How much do you think a house costs, vs how much do you think a TV costs?

And perhaps more importantly, do you have any idea what rent currently is costing? As a fraction of median income?

This is an avocado toast argument.

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2. kjkjadksj ◴[] No.43695594[source]
What if I told you that you can buy a 3br turnkey house for maybe $100k all over the midwest. Now consider living at your parents for four years after highschool rent free while working literally any job full time. You’d probably be able to throw down 50% on that house at least.