4 ms·
>Houses really were more affordable for your grandparents. The same with mine. The average new home size in the 70's (earliest census data) was somewhere aroun
by nommm-nommm 10y ago
>Houses really were more affordable for your grandparents. The same with mine.
The average new home size in the 70's (earliest census data) was somewhere around 1500 sq/ft.
Now the average is somewhere around 2,500 square feet with a smaller family size.
Yes, if you buy more house it will be more expensive.
The price per square foot has remained relatively stable.
http://www.aei.org/publication/todays-new-homes-are-1000-square-feet-larger-than-in-1973-and-the-living-space-per-person-has-doubled-over-last-40-years/ http://www.aei.org/publication/todays-new-homes-are-1000-squ...
"From 1890 -- just three decades after the Civil War -- through 2012, home prices adjusted for inflation literally went nowhere. Not a single dime of real growth."
http://www.usatoday.com/story/money/personalfinance/2014/05/10/why-your-home-is-not-a-good-investment/8900911/ http://www.usatoday.com/story/money/personalfinance/2014/05/...