Could not disagree more. Education -- especially the University variety -- is clearly at the top of a multi-decade cost cycle, and will become much cheaper as it becomes more digital.
Health care will absolutely be much cheaper in 30 years than it is now. We can provide 1960s-style health care to most people for literally hundreds of dollars / year. The fact that we choose not to because technology has improved quality faster than it has reduced costs is irrelevant. At some point that trend will reverse, and when it does costs will drop dramatically.
Construction costs are mostly driven by labor costs these days, and as construction is mechanized those will trend towards the cost of raw materials. Obviously there's a sort of theoretical floor there, but even the cost of extracting metal ores from the earth has dropped substantially as technology has improved.
All of these things trends are pointing in the same direction; they are just moving at different speeds.
Health care will absolutely be much cheaper in 30 years than it is now. We can provide 1960s-style health care to most people for literally hundreds of dollars / year. The fact that we choose not to because technology has improved quality faster than it has reduced costs is irrelevant. At some point that trend will reverse, and when it does costs will drop dramatically.
Construction costs are mostly driven by labor costs these days, and as construction is mechanized those will trend towards the cost of raw materials. Obviously there's a sort of theoretical floor there, but even the cost of extracting metal ores from the earth has dropped substantially as technology has improved.
All of these things trends are pointing in the same direction; they are just moving at different speeds.