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> it cost $300,000+ more. Have you try to inflation-adjust that? You may find the price jump is not that great for the last ~10 years.
by nickpp 3y ago
> it cost $300,000+ more.
Have you try to inflation-adjust that? You may find the price jump is not that great for the last ~10 years.
- CharlieDigital 3y agoIt's well, well above the rate of inflation.
- nickpp 3y agoOfficial inflation from 2015 to 2024 was around 33%. If the house cost 1mil, then the entire appreciation of 300k was due to inflation. If the house cost 500k - over half of the appreciation was due to inflation.
- pc86 3y agoIn order for inflation alone to account for $300,000 delta in value they'd be spending so much on these houses that they would be fine financially by almost any metric.