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That’s a low price. Allowing for inflation, $85,000 in 1950 = $1.1 million today. The avg. annual income in 1950 was $3,300. Today, it’s $62,000. As a ratio of income 1950 house was 26 x income. Today $600K is 10 x income. Even at $1.1M, it’s 17 x income. It can be said houses are cheaper now.
May 10, 2025, 5:17 PM
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