I don't think houses were as little as $10k in the 70s. Maybe for grandparents, not parents. I hate it how people use absolute numbers when comparing house va

I don't think houses were as little as $10k in the 70s. Maybe for grandparents, not parents. I hate it how people use absolute numbers when comparing house values now to the past as it completely distorts the changes. For example, a house worth $40k in 1970 and $300k today sounds like a good return, right? However, that would not even be a 5% "ROI" compounded over that period. When you take into account maintenance, property taxes and other home ownership costs, it's probably not even above the inflation rate. Yet, when you look at the numbers on paper and see a nearly 8x increase, many people think "Wow, what a great investment."