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For all the folks commenting "oh, but you can still buy a house for 30,000 in XYZ city" -- no, when calculating inflation you have to compare likes. If a loaf

For all the folks commenting "oh, but you can still buy a house for 30,000 in XYZ city" -- no, when calculating inflation you have to compare likes. If a loaf of bread cost $0.10 in the US in 1950 and now you're like, well a slice of bread in Vietnam still costs $0.10, thats not really a good argument.

salmon30salmon 6y ago
It is more like saying, "a loaf of bread in 1950 cost 10c, and you can buy a loaf of bread for the equivalent in today's dollar. But if you want that brand-name bread that people are out-bidding each other to buy, it is going to cost quite a bit more"