Reply to Example of how housing prices have far outpaced inflation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.redfin.com/VA/Arlington/1028-N-Frederick-St-22205/home/11237727

Sold for $52,500 in 1976.  Its inflation adjusted price should be $297,309, but instead it’s on the market for almost three times that.

Just posting this for the benefit of Boomers who contend that they paid 12% interest on their mortgages and don’t see what the issue is.[/quote]

Since 1976, the median household income in Arlington has increased by around 60% after adjusting for inflation. The average household size in Arlington has also declined from 2.7 to 2.1  Adjusting for these variables and the difference in interest rates, this home is actually more affordable to the typical Arlington resident than it was in 1976. This house is literally more affordable for the median household after adjusting for household size than when the “boomers” you dislike bought it bought it in 1976. [/quote]

Excuse me, I thought there was no fact-checking in these threads. &lt;/Vance&gt;

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