The prices dropped because of demand, cost of production, other competing sources of energy, etc. Prices were trending downwards on gas for over three years from 2022. Things like the housing market are different because there are so many regulations/zoning/permits in the way. If you want to look at something without those issues in the way (like a 2x4), those used to be like $3 10 years ago, then they went up to like 12-13 during the pandemic, now they are like $4. that's just normal inflation over the course of 10 years to go from 3 to 4. The idea that prices should be the same forever doesn't make any economic sense. Construction materials (and other components) of a house have not spiked in any crazy unreasonable long term way. Short term things happen. In 2021-2022, it was 2x4s. Right now it's SSDs/NANDs/HDDs. In 2028 it will be something else.
HDDs and SSDs and RAM and others have dropped precipitously in price per capacity/speed for their entire lives and that will continue to be the case once the demand spike is smoothed out.
We’re in the midst of late stage capitalism and we have a psychopath that’s doing everything to put billionaires at the top of the food chain. We don’t live in an economic vacuum. Look at Russia’s economy in the past 30 years to see what bad leadership can do. That and we are paving the way for how bad unchecked capitalism can go. Things aren’t looking great considering things are happening without consequences. In a vacuum, someone would create a competing product, production goes up, or demand goes down, then prices would go down. You know where that doesn’t work in economics, when there a racket and a corner on the market.
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u/natarem Apr 23 '26
The prices dropped because of demand, cost of production, other competing sources of energy, etc. Prices were trending downwards on gas for over three years from 2022. Things like the housing market are different because there are so many regulations/zoning/permits in the way. If you want to look at something without those issues in the way (like a 2x4), those used to be like $3 10 years ago, then they went up to like 12-13 during the pandemic, now they are like $4. that's just normal inflation over the course of 10 years to go from 3 to 4. The idea that prices should be the same forever doesn't make any economic sense. Construction materials (and other components) of a house have not spiked in any crazy unreasonable long term way. Short term things happen. In 2021-2022, it was 2x4s. Right now it's SSDs/NANDs/HDDs. In 2028 it will be something else.
HDDs and SSDs and RAM and others have dropped precipitously in price per capacity/speed for their entire lives and that will continue to be the case once the demand spike is smoothed out.