• SaveTheTuaHawk@lemmy.caEnglish
    2·
    1 month ago

    $14K in 1960 was $167,000 by 2010.

    Average salary of a worker in 1960 was $3,700.

    I paid $320K for my house in 2002 , which peaked in value to $1.6M by 2022. That was insane, it’s now worth $1.2 or less and headed downward.

    It should be worth $600K. People took out HELOCs on houses now descending in value.

    • ChickenLadyLovesLife@lemmy.worldEnglish
      2·
      1 month ago

      It should be worth $600K.

      Yeah, the location was not one of those places with seriously insane housing appreciation. Small town in Ohio. 14X appreciation is still pretty good.