Comment on Houses in my area increases 82% in just 4 years
technocrit@lemmy.dbzer0.com 1 month ago
If the house hasn’t changed, then the value is basically the same.
That’s how rapidly the USD is devaluing.
Comment on Houses in my area increases 82% in just 4 years
technocrit@lemmy.dbzer0.com 1 month ago
If the house hasn’t changed, then the value is basically the same.
That’s how rapidly the USD is devaluing.
Fox@pawb.social 1 month ago
Between 2020 and 2024 there was about 22% inflation. 1.22x$195,400=$238,388. So there’s still over $110,000 of price inflation to account for past devaluation of the dollar.
dan@upvote.au 1 month ago
I’m not disagreeing with you, but I just wanted to note that inflation numbers (more specifically, the CPI) is an average across multiple industries - supermarkets, rent/mortgage, furniture, cars, flights, health care, and several more. It’s possible for inflation to affect some industries much more than others and I wouldn’t expect everything to all go up at the same rate.
Fox@pawb.social 1 month ago
That’s true and worth noting. The difference is much starker when the benchmark is food and fuel, since real estate (and stocks) rose much higher compared to other things.
Buttflapper@lemmy.world 1 month ago
Thank you for eviscerating him-, oops, I mean providing that additional insight