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Message
re: Great YT video "How the US Is Destroying Young People’s Future"
Posted on 5/8/24 at 9:01 am to RogerTheShrubber
Posted on 5/8/24 at 9:01 am to RogerTheShrubber
quote:
Notes on a 100k home at 10% plus were far higher relatively than the average note three years ago
Apples and oranges.
There are multiple factors that you omit here. What about the fact that 100k in the 90's bought you substantially more house than today? I grew up in a 2000 sq ft home in a neighborhood in the 90's that my parents paid around 70k for. That same street has houses on the market today in the 300k's.
1
Posted on 5/8/24 at 9:06 am to JiminyCricket
quote:
Apples and oranges.
There are multiple factors that you omit here. What about the fact that 100k in the 90's bought you substantially more house than today? I grew up in a 2000 sq ft home in a neighborhood in the 90's that my parents paid around 70k for. That same street has houses on the market today in the 300k's.
Just looked up the house I grew up in on Zillow. My mom paid about $37K for the house in 1996 and it is valued at $126K today and looks exactly like we left it 20 years ago.
But sure things are EXACTLY the same today as they were back in the day.
ETA: $37K in 1997 is about $72K today.
This post was edited on 5/8/24 at 9:09 am
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