My grandparents bought their six bedroom house for $2,900.00
My parents bought their 3-bedroom split level for $48,000
My wife and I bought a 5 bedroom home for $380,000
Tell me housing isn’t out of control.
“My grandparents bought their six bedroom house for $2,900.00
My parents bought their 3-bedroom split level for $48,000
My wife and I bought a 5 bedroom home for $380,000
Tell me housing isn’t out of control.”
It’s just an order of magnitude increase every generation. I wonder if that holds for other “durable goods”? It would seem to for cars prices, perhaps....
You need to adjust for inflation
I won't, because it is indeed out of control. So is illegal immigration. Hmmn, there seems to be a correlation. Influx of millions of people with limited housing stock, supply and demand in action. The illegals are creating a problem for people who can't afford to live in the neighborhood their parents live in, by reducing supply of housing and thereby driving up the cost. When I look at cities, I see more people being crammed into smaller housing. Housing situation out of control all around.