Re:How Far Does $1 from 1999 Go Today?
by cstejerean on Sunday October 15, 2023 @09:17PM
(#37894948)
That's the hard to believe part, it would imply housing costs on average are only up by 86%, but that doesn't seem to be anywhere near accurate in at least large parts of the country (all the ones I looked at least when we considered moving).
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Not everywhere has had the same housing problems SF and NYC have had.
Re:How Far Does $1 from 1999 Go Today?
by quickthrower2 on Sunday October 15, 2023 @10:27PM
(#37895358)
That there exists a cheap house in a rural area doesn’t help most people who need a job. For them inflation is higher.
Plenty of non-NYC/SF major metro areas (>1mm people) with far lower housing inflation than those cities. No need to be rural.
This is true, but the question is not whether it helps or not but if the 86% increase is the right number or not.
Yes inflation was higher in big cities.
Re:How Far Does $1 from 1999 Go Today?
by xboxnolifes on Monday October 16, 2023 @04:36AM
(#37897128)
Far more than SF and NYC have had housing prices more than double over the last 20 years. Hell, doubling over that timeframe would barely be over 3% inflation.