this post was submitted on 27 Aug 2023
1556 points (97.3% liked)
Memes
45728 readers
1224 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's an exaggeration. The median price for new construction in 1980 was $64,600. [1] As for existing housing stock, the median home value in 1980 was $47,200. [2] As housing prices are heavily right skewed, the prices of cheap housing is far closer to the median than the price of expensive housing. Based on a cursory overview of some charts, it seems like the bottom 20% of houses are no more that 30% cheaper than the median, putting them in the $30k range.
1975 =/= 1980. Looks like housing went up 64% in those 5 years from the data I already linked.
Data instead of anecdotes?
Curious, as the person who you were originally responding to deleted their comment. Is that per year or a one time expenditure?
Also, 36k is still literally 44-80% higher than your initial claim.
I'm disengaging.