Patriot AztekJade
@AztekJade
19 September, 05:10
My brother sent this to me. Our parents bought this home in 1964 for $13,000; it's in Long Beach, California; Los Angeles County. Our parents moved the family out of Los Angeles County in 1969. But look at this: This home sold for $640,000 in 2021. And today in 2023 it is worth $730,800. Incredible! It's all about location!
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Median income of a family in 1964 was $6,600.00.
Which means that your house cost someone (most likely only 1 person had to work to earn this household income) two years salary.
Now median annual salary is $60,000. So that house now costs someone over 12 years salary. Even with 2 people working it would be over 6 years salary...but I love how boomers act like it's the same as it was before.
Kind of shows how F'd the country is now.
Which means that your house cost someone (most likely only 1 person had to work to earn this household income) two years salary.
Now median annual salary is $60,000. So that house now costs someone over 12 years salary. Even with 2 people working it would be over 6 years salary...but I love how boomers act like it's the same as it was before.
Kind of shows how F'd the country is now.
09:32 PM - Sep 19, 2023
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