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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] College prices are the same (I remember thinking when eldest was born that they'd fix that before he got to college , nope, kid just graduated, and it was over $90k per year). Not everything follows inflation rates, including the cost of housing and college[/quote] Right, so the two things that are most closely linked to upward mobility in the US (home ownership and higher education) are increasingly out of reach for working class and LMC Americans (and obviously anyone living below the poverty line). But you can buy a flat screen TV for $150![/quote]
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