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A comment on Adjusted for inflation, a Single Family Home costs 75% more than it did in 1987.

Re:Adjusted for inflation, a Single Family Home costs 75% mo... by PyWoody on Monday April 18, 2022 @08:48PM (#31078580)
I bought my home in the middle of nowhere in New England four years ago for $220k. I could sell it tomorrow for $400k. If I wanted to test my luck, I'd be able to sell it in 2-3 months for $450/500k.

The median _family_ income for my area is $52k/year (2007-2011).

Things are fucked for the average person.

I keep coming back to the Player Piano[0]. It really is the "Reeks and Wrecks" vs. the Doctors.

[0] (https://en.wikipedia.org/wiki/Player_Piano_(novel))

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Re:Adjusted for inflation, a Single Family Home costs 75% mo... by nabaraz on Tuesday April 19, 2022 @12:40AM (#31079804)
You could sell your house for twice as much but you will have to pay twice as much to buy a new one.
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Re:Adjusted for inflation, a Single Family Home costs 75% mo... by polski-g on Tuesday April 19, 2022 @06:50AM (#31081517)
He could move to Missouri and pay half as much.
[ Parent | on HN ]
Re:Adjusted for inflation, a Single Family Home costs 75% mo... by MrBoomixer on Tuesday April 19, 2022 @01:03PM (#31085814)
I'm living this now, and it's more than twice as much to build a new house.
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