My parents bought their home for a little over $100,000. Granted, this was in the early ‘80s.

A home on the same street just sold for slightly over one million dollars. A ten-fold increase in just a few decades.

At this rate, unless I strike it rich, home ownership will never be a reality for me.

@dandycat Out of morbid curiosity, I looked up the house I grew up in, which my folks bought for $70k in 1981.

It sold in 2021 for $735k.

@petebrown 😧 Something about that feels obscene. If only I had property that I bought last century ready to sell now. I’d never have to work again!

@dandycat Housing prices are not only ridiculous, they’re downright insulting. Everyone has the right to an affordable roof over their head, but apparently I missed the memo getting ripped up.

@petebrown Adjusted for Inflation that would only be $210,233.33 in July 2021, according to this calculator.

@dandycat now imagine being an urban planner in low-density America trying to solve these problems.

@indw That sounds like one of the more challenging jobs out there!