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> But housing is not more expensive in the majority American metros My parents bought their NYC home in 1976 for $76,000. Adjusted for inflation brings that to

> But housing is not more expensive in the majority American metros My parents bought their NYC home in 1976 for $76,000. Adjusted for inflation brings that to around $350,000 in 2020 dollars. The house is currently valued at $800,000.

nradov 6y ago
Now repeat the calculation for a similar home in Toledo or Detroit.
- graywh 6y ago
  just looked up a random 2-bed, 1400 sq-ft home in my city of 600k -- sold for $31k in 1975 (comparable to $150k now), easily worth $350k today this isn't a neighborhood known for gentrification, either