XPost: alt.politics.trump, alt.fan.rush-limbaugh, talk.politics.guns   
   XPost: sac.politics, alt.home.repair   
   From: esp@snet.n   
      
   On 9/12/2024 2:09 PM, Governor Swill wrote:   
   > On Thu, 12 Sep 2024 09:10:41 -0400, Ed P  wrote:   
   >   
   >> On 9/12/2024 12:45 AM, Governor Swill wrote:   
   >>> On Wed, 11 Sep 2024 22:41:56 -0400, Ed P  wrote:   
   >>>   
   >>>> I was 20 years old and bought my first house in 1966.  I had a decent   
   >>>> job, bought a house , had a used car, got married.  If you use the CPI   
   >>>> inflation calculator the wage I made in 1966 would be 10X that in 2024,   
   >>>> assuming the same job.  I checked with Zillow and that house today would   
   >>>> sell for 18.5X what I paid back them.   
   >>>   
   >>> Not the same house.  Did that house have central a/c?  Off street   
   parking?  A   
   >>> garage?  "Bonus" room?  What kind of kitchen and appliances?  How many   
   >>> bathrooms?   
   >>   
   >> Yes, it is the same house.  I made improvements in it during the time we   
   >> lived there.  New owner may have done some to, they have been in it   
   >> since 1981.   
   >>   
   >> That is my point.  Wages have gone up with inflation, housing exceeded   
   >> it quite a bit.  Have you ever used the Zillow website?  You can look up   
   >> any address and get an approximate value and I did that for my old house.   
   >   
   > But that house is not the same house you originally bought, either.  You have   
   > said you made improvements.  I would assume you added air since that was   
   rarely   
   > found in cheaper homes back then.  What else did you add to the home?   
   >   
   > One more thing.  Does it annoy you that you make so much money on it when you   
   > sold it?   
   >   
      
   No, I did not add air. In that climate, central AC was not very common   
   or even doable in some houses.  I remodeled the kitchen so it would   
   MAINTAIN value over the years.  Normal maintenance and upkeep.   
      
   Did I make money on that home?  No, I sold it at a higher price and put   
   that money into another house that also was inflated over time.  Yes, it   
   allowed me to do that but you are missing the point.   
      
   If I had the same job in 2024 that I had in 1966 and had the same   
   salary, adjusted for inflation, I could not afford it today.  My wage   
   would be 10x higher but the house would be 18x higher.   
      
   Real estate has gone up much more than wages over time and that makes   
   home buying more difficult.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)