> I'm also surprised by the $18,000 asking price. Seems cheap even with inflation. It does seem low. Of course, it was a maggot infested bar, not up to code, b

> I'm also surprised by the $18,000 asking price. Seems cheap even with inflation. It does seem low. Of course, it was a maggot infested bar, not up to code, before the era of urban renewal. Also has to account for average income growth, not just inflation: due to Baumol's cost disease, no one would run bars if they only paid as much as they did in 1976, based on 1976 wages. Non-labour productive stuff like bars has gotten more expensive generally I believe.