TRUTH About Home & Gas Prices since 1960s-CRAZY

📣A house did NOT become 20X more expensive since 1960.

💯The house retained the same real "worth" over time.

💵It was the currency that became worth much less.

#shorts #inflation #houseprice #currency #gold #realassets #fiat #moreexpensive #expensive #value #housing #american #freedom #wealth #assets #finance #education #financialeducation #investing #realestate

[Edward-puwt]

We can thank the Federal Reserve and Congress for the inflation.

[danletter]

It’s all regulations and taxes. And pay stays the same.

[choicemakings]

Yes, but the rich men north of Richmond saw fit to hike the price to break our country.

[BlueDart]

It’s sad that people don’t realize what inflation does until they are older. If young people understood it they would be throwing a fit but instead they want government to give free money.

[Monsoozi]

Gas needs to be more expensive. Its heavily subsidized in the usa and also doesn't cover externalities of autodependency

[dr.pewpew]

And minimum wage was $0.05, and only 3 lashings if you completed your work...😅

[robertmunden]

That's what I pay in car insurance

[davenone]

What was min wage in 1960? Its now like $17 in california. What percent is that??

[danielbeckstead-xkmd]

And just think about the amount of this same house costing you only like around $1300 + labor from like the Sears catalog in the early 1900's so figure out how much % it's gone up in price and interest since those times same house prices for 1900's 30's 50's 80's 00 and 2023... I d guess that it's gone up probably like 5000% give or take..

[DCJensen]

It would be more accurate to at least figure in the inflation. From June 1960 to June 2023 inflation puts the house price equivalent as $124, 000. Therefore the price has roughly doubled. Shocking, yes, but at least it is accurate.
Gas price of $0.31 in 1960 with inflation would be $3.12. Considering increases in taxes and reformulations to eliminate lead, 60 cents isn’t all that shocking.

[zipit]

In 1960 if you had $12, 000 in silver you could buy a $12, 000 house. Today if you had that same silver you could buy a $240, 000 house.