4 ms·

$40,000 in 1975 is over a quarter million 2025 dollars.

• Telemakhos 1y ago
  You can't buy on the west coast for a quarter million. A house big enough to start a family will likely start at a half million, and in some communities will come with hefty tax burdens.
  • red-iron-pine 1y ago
    in 2025 anything vaguely desirable in a coastal-ish city is starting at more like 600-700k. actual decent houses will be 1MM or more. the folks in those areas, if you owned a house for the last 20 years, are now richer than ever due to that property appreciating. but the younger generation is absolutely screwed
    • jen20 1y ago
      > if you owned a house for the last 20 years, are now richer than ever due to that property appreciating. Only if you sell it, and move somewhere with a much lower cost of housing.
      • fragmede 1y ago
        If there is a spare bedroom in your HCOL location, renting that out lets you get some incoming cash flow without having to move away to a LCOL location.
        • jen20 1y ago
          You don't get "rich" from renting out a spare bedroom.
      • aianus 1y ago
        HELOC and never pay it off until you die
    • kevin_thibedeau 1y ago
      The north coast has cheap housing.
  • selectodude 1y ago
    Sure, but you can certainly afford a house on the West Coast with an income of $250k.