morpheus on Nostr: My grandmother paid 1000$ for her house in 1950 The average annual inflation rate, ...
My grandmother paid 1000$ for her house in 1950
The average annual inflation rate, based on the increase in house price from $1,000 in 1950 to $800,000 in 2024, is approximately 9.45% per year. 
If you take the average house price it's still higher than the supposed Fed target for inflation
The average annual inflation rate, based on the increase in house price from $7,000 in 1950 to $800,000 in 2024, is approximately 6.61% per year. 
The average annual inflation rate, based on the increase in house price from $1,000 in 1950 to $800,000 in 2024, is approximately 9.45% per year. 
If you take the average house price it's still higher than the supposed Fed target for inflation
The average annual inflation rate, based on the increase in house price from $7,000 in 1950 to $800,000 in 2024, is approximately 6.61% per year.