Re:How Far Does $1 from 1999 Go Today?
by ls612 on Sunday October 15, 2023 @10:00PM
(#37895207)
Not everywhere has had the same housing problems SF and NYC have had.
[ Parent
| on HN ]
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.