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A $423,870 house in the year 2000 is equivalent to a $654,070 in 2020 after inflation.
by ProfessorLayton 6y ago
A $423,870 house in the year 2000 is equivalent to a $654,070 in 2020 after inflation.
- PragmaticPulp 6y agoThe point was to compare interest rates for a given monthly payment, which isn't influenced by inflation.
- shrimpx 6y agoIn the town where I live, a 400k house in 2000 would sell for around 2 million today.
- danShumway 6y agoIt's not a $423,870 house in 2000. It's an 8% mortgage, and we're comparing what that 8% mortgage would get you in 2020.