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Topic	23 yr single mom in 1988 with no education could buy a house
WingsOfGood 02/11/22 4:55:13 PM #83:	Cleo_II posted... The median price of homes in 1988 adjusted for inflation is around $210k. So yes prices of homes have nearly doubled since then. But not 11 times more. The OP depends entirely on the market. If that home was in the Bay Area before the tech boom there, then its a pretty unique kind of situation. Also that salary adjusted for inflation is around $60k. You could still buy a house 3x that at $180k in a lot of markets just not in any of the urban centers or HCOL states. Not to say wages havent stagnated or anything. Just being objective about the post. A home not in the Bay Area in 1988 would have been more like $20k to $30k. What is $20k x 11 ? $220k So it seems you are infact incorrect. My parents home was a $30k home. @Cleo_II <cite>WingsOfGood posted [p:962568608] in 23 yr sing... [t:79894750]...</cite> <quote>Cleo_II posted... </cite> <quote>The median price of homes in 1988 adjusted for inflation is around $210k. So yes prices of homes have nearly doubled since then. But not 11 times more. The OP depends entirely on the market. If that home was in the Bay Area before the tech boom there, then its a pretty unique kind of situation. Also that salary adjusted for inflation is around $60k. You could still buy a house 3x that at $180k in a lot of markets just not in any of the urban centers or HCOL states. Not to say wages havent stagnated or anything. Just being objective about the post.</quote> A home not in the Bay Area in 1988 would have been more like $20k to $30k. What is $20k x 11 ? $220k So it seems you are infact incorrect. My parents home was a $30k home. @Cleo_II </quote> ... Copied to Clipboard!
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