Thank you for eviscerating him-, oops, I mean providing that additional insight
Comment on Houses in my area increases 82% in just 4 years
Fox@pawb.social 1 month agoBetween 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.
Buttflapper@lemmy.world 1 month ago
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.