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Comment by prewett

There's been 65% inflation over the past 20 years, so to properly compare housing prices you need to multiply the 20 years ago price by 1.65. A house that doubled in price in twenty years only increased by 20% in terms of actual purchasing power (2.0 / 1.65).

[1] https://www.usinflationcalculator.com/

parent prewett 1 year ago

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