Re:A 1,300 sq/ft house in Sunnyvale, Calif. has sold for $82...
by tata71 on Tuesday December 21, 2021 @02:12PM
(#29640875)
Are you accounting for the currency being worth less per unit than in the 90s?
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Re:A 1,300 sq/ft house in Sunnyvale, Calif. has sold for $82...
by dhosek on Tuesday December 21, 2021 @03:09PM
(#29641499)
From https://www.usinflationcalculator.com I get that the value of the house should have increased by 92.4% from the purchase price in 1993. The last sale (four months ago) was up by 438%¹. It gets worse if I go from the sale price in 1997 where inflation shows 73.2% but the increase was 525%
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1. To be explicit, the house sold for 5.48× more than the purchase price.