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Well, C-S Index was begun in 1890 where it was given a value of 100. Notes from the chart: "The 1890 benchmark is 100 on the chart. If a standard house sold fo
by 18pfsmt 16y ago
Well, C-S Index was begun in 1890 where it was given a value of 100. Notes from the chart:
"The 1890 benchmark is 100 on the chart. If a standard house sold for $100,000 (inflation-adjusted to today's dollars), an equivalent standard house would have sold for $66,000 in 1920 (66 on the index scale) and $199,000 in 2006 (199 on the index scale, or 99% higher than in 1890)."