U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Closed Thread Start New Thread
 
Old 08-01-2017, 07:19 AM
 
64,675 posts, read 66,158,228 times
Reputation: 43102

Advertisements

if that is what you meant it is not very apparent . inflation adjusted housing means just that .if you say inflation adjusted housing is up 10x than that is what it is . what you meant is after adjusting for inflation the housing is still up an additional 10x

 
Old 08-01-2017, 07:31 AM
 
9,095 posts, read 3,711,228 times
Reputation: 13399
Quote:
Originally Posted by Perma Bear View Post
Either you're extremely slow or you don't know how inflation works.

5600 in 1960 to now
$46,817.34 Only slightly lower.

12,000 in 1960 to now (for a house in San Jose)

100,322.87

Actualcost of a house in San Jose:
1,000,000+

See the difference ?
prove the $1 million house is the same house that cost $12,000 in 1960 before making a comparison, with no remodel/additions/etc that would have increased its value

because an "average" home today did not exist back in 1960, your comparison doesn't work

if the house cost $1million today, how do you know it didn't cost $100k in 1960?
 
Old 08-01-2017, 07:33 AM
 
4,310 posts, read 2,450,421 times
Reputation: 2424
Quote:
Originally Posted by MLSFan View Post
prove the $1 million house is the same house that cost $12,000 in 1960 before making a comparison

because an "average" home today did not exist back in 1960, your comparison doesn't work

if the house cost $1million today, how do you know it didn't cost $100k in 1960?
Because you can look up historical prices or see historical ads. Houses didn't hit 100k until the mid to late 80s in the most expensive parts. These are modest 2 bedroom houses built for working class people

Last edited by Perma Bear; 08-01-2017 at 07:41 AM..
 
Old 08-01-2017, 07:33 AM
 
9,095 posts, read 3,711,228 times
Reputation: 13399
Quote:
Originally Posted by Perma Bear View Post
Because you can look up historical prices or see historical ads. Houses didn't hit 100k until the 80s in the most expensive parts.
in the most expensive parts.... you choose the "expensive" parts of the US to make your comparison

why don't you compare house prices from rural oklahoma instead? can't cherry pick data that you don't like?
 
Old 08-01-2017, 07:35 AM
 
2,246 posts, read 1,390,219 times
Reputation: 4900
Comparing San Jose in 1960 to today.....


Seems legit...


Next up we will compare a house in the swampland prior to Disney buying It to the cost of that same land near Disney world today.
 
Old 08-01-2017, 07:36 AM
 
3,272 posts, read 2,340,204 times
Reputation: 5644
Quote:
Originally Posted by freemkt View Post
Please explain. How does a rising economic tide lift the boats of, say, burger flippers or retired rent serfs living on Social Security?
More people will have money to buy old junk from ebay sellers.
 
Old 08-01-2017, 07:38 AM
 
9,095 posts, read 3,711,228 times
Reputation: 13399
Quote:
Originally Posted by Thatsright19 View Post
Comparing San Jose in 1960 to today.....


Seems legit...
san jose population was 200,000 in 1960, 1 million today

it isn't the same city as back then, why would things like housing be used as a "standard" then? housing is expected to change as well and it did, it got expensive
 
Old 08-01-2017, 07:46 AM
 
4,229 posts, read 1,907,654 times
Reputation: 3787
Some people simply feel put out -- or even put upon -- by modernity.
 
Old 08-01-2017, 07:53 AM
 
4,310 posts, read 2,450,421 times
Reputation: 2424
Quote:
Originally Posted by Thatsright19 View Post
Comparing San Jose in 1960 to today.....


Seems legit...


Next up we will compare a house in the swampland prior to Disney buying It to the cost of that same land near Disney world today.
Houses near Disney world in Florida are still pretty cheap. Orlando is what? 200k?
 
Old 08-01-2017, 07:54 AM
 
4,310 posts, read 2,450,421 times
Reputation: 2424
Quote:
Originally Posted by MLSFan View Post
san jose population was 200,000 in 1960, 1 million today

it isn't the same city as back then, why would things like housing be used as a "standard" then? housing is expected to change as well and it did, it got expensive
It's also got tons of empty land still.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top