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Inflation adjusted house per square foot has been quite stable for almost 100 years. Houses are now a lot bigger, making the inflation adjusted prices increase.
by SideQuark 4y ago
Inflation adjusted house per square foot has been quite stable for almost 100 years. Houses are now a lot bigger, making the inflation adjusted prices increase. If you factor in shrinking household size, then square foot per person as increased dramatically over the past 50 years. Finally, if you include house quality (fire retardant, electrical improvements, thermal improvements, etc.), then house benefit per dollar has vastly grown over 50 years.
Not sure where you get the "out of control in the 80s" unless you ignore all other relevant variables (like size, quality, efficiency) that also changed.
To read this stuff and see Census data (and others) demonstrating it, google for historical house price per square foot inflation adjusted, and read articles and look at data.
- chrismcb 4y agoThe cake of my house has gone up 5x in twenty years. Ignoring the last year, inflation didn't quite double in that time period. So, for at least me, my house per square foot wasn't stable
- SideQuark 4y agoOutliers don't invalidate the stats, in the same way someone getting outstanding value does not mean everyone got outstanding value. Also, how did your mortgage cost go up 5x? That sounds almost nonsensical, unless there's some really rare thing you chose.
- dzhiurgis 4y ago> Inflation adjusted house per square foot To build or to buy? Only rich people build new houses, typically selling older house to the poors. Lately tho they keep old one to rent out, hence no actual new supply.