Quote:
Originally Posted by Fuzz
I disagree with this. The prices are what they are becuase that's what most of them cost. We've been living for decades off of artificially cheap stuff, and now the rest of the world is competing, and maybe they want stuff too. Globally wages are rising, raw materials are harder to get, and an ever-increasing population is compounding every issue. These structural shortages of everything are only going to get worse, so we need to find away to live with less, not chase an unattainable false reality that we aren't gong to return to. We don't need to ask "why", it's all pretty straight forward. Too many heads in the sand to accept it, though.
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When it comes to luxuries, I agree. We don't pay nearly what they are worth (A TV, smart phone, or computer should cost way more than they actually do). But things like rent and housing are caused from manufactured scarcity due to domestic policies. Shelter is probably the number one basic need and takes up a disproportionate amount of someone's financial ability compared to previous generations. A lot of countries don't let foreigners buy property for this reason, but for some reason in Canada, we let it go.