Which one? Gold was $20.67 per Troy ounce in 1920, that’s about $664.55 per kilo. 10 kilos about $6,645.55 I’m believing the first search result https://www.countryliving.com/life/g33398396/what-things-cost-100-years-ago/ says that matches up. Gold is about $64,900 per kilo today so $649,000 for 10 bars, that’s a low cost of living middle class place or HCOL very small house that needs renovation. I could see you meaning these days and houses in some areas are in the $6 million range, guess they should be location specific.

[–] Zehzin@lemmy.world 38 points 9 months ago (1 children)

$649,000 for 10 bars, that’s a low cost of living middle class place or HCOL very small house that needs renovation.

What the fuck is going on with house prices up there

[–] skydivekingair@lemmy.world 9 points 9 months ago (1 children)

Sub 2% interest rates for 2 years for loans and then jumped to ~8%

Market is wildly variable.

[–] Kidplayer_666@lemm.ee 8 points 9 months ago

And probably the fact that post 2009 the construction industry collapsed and a lot fewer homes are getting built

[–] ikapoz@sh.itjust.works 14 points 9 months ago (2 children)

Median home price in the US last year was about 450k, so I’d say your scale is a bit skewed.

[–] shalafi@lemmy.world 3 points 9 months ago

Jesus. Got my house 7-years ago on a Habitat for Humanity mortgage, for which you pay cost. ~85K? Also, no interest on the loan. Also, no property tax.

3-bed/2-bath/80'x200' lot/1,140sq. ft. living space/$550mo.

Call your local Habitat chapter, go to the next meeting and learn. Keep going with the program if you can. Took my ex-wife and I 14-months, start to finish.

I can't tell you the qualifications, they change and are different from one area to the next. I can give you some basic answers, at least I'll try.

[–] skydivekingair@lemmy.world 3 points 9 months ago

Yeah I was going to say Upper Middle Class but I’ve seen some dumpy houses for those prices and it’s really titled by if you bought when interest rates were low vs the last year or so.

[–] GombeenSysadmin@lemmy.world 1 points 9 months ago (1 children)

Where did you get the gold price? This page says $269.

[–] versionist@lemmy.world 5 points 9 months ago (1 children)

He's taking kilograms, you're talking ounces.

[–] skydivekingair@lemmy.world 1 points 9 months ago

It’s weird though my 1920s price research shows $20.67 per Troy Ounce. Example: https://sdbullion.com/gold-price-by-year

I might be mistaken and that’s the US government’s set price for gold in the early 1900s, a lot of these other links show it closer to 10x that value.