As a general rule the value of assets will double every 20 years at the feds target rate of inflation of 3%.
so that home would have been near $600,000 by now even with good interest rates.
Just saying
“the feds target rate of inflation of 3%”
https://www.richmondfed.org/publications/research/econ_focus/2024/q1_q2_federal_reserve
2%.
Inflation targeting wasn’t official until 2013, I believe, and then it was targeted to 2%. A little less theft at 2% as opposed to 3%, but still ultimately destructive. Now we got the Wall Street slime wanting a 3% target, unreal