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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
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?
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..
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
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.
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