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$82,098 in 1955, adjusted for inflation, was worth $727,502.05[1]. So homes were actually much more expensive back then. [1] https://data.bls.gov/cgi-bin/cpic
by martincmartin 2y ago
$82,098 in 1955, adjusted for inflation, was worth $727,502.05[1]. So homes were actually much more expensive back then.
[1] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=82098&year1=195501&year2=201504 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=82098&year1=19...
- deleted 2y ago[deleted]
- ffsm8 2y agoI wish I new how that article got to 80k for a house in 1955.. I couldn't find a link to trust "interactive visualisation" they're citing and Google didn't help me either. I wasn't born then, so no personal experience and everything I could find pointed more towards 5-10k, i.e. this advertisement https://i.redd.it/75sc90f58qsa1.jpg https://i.redd.it/75sc90f58qsa1.jpg That'd be safely below 100k, inflation adjusted... Actually, maybe that 80k is already inflation adjusted? The number is pretty close
- acchow 2y agoNo, they already adjusted for inflation. In nominal dollars, a home in 1955 would be under $10k https://fred.stlouisfed.org/series/MSPUS https://fred.stlouisfed.org/series/MSPUS
- rootusrootus 2y agoThat can't be right, it must already be an inflation-adjusted number. My parents bought their most recent house in ~1970 for $30K, and that was a bit above the median for the area.
- deleted 2y ago[deleted]