[TuringNYC]

For all the folks commenting "oh, but you can still buy a house for 30,000 in XYZ city" -- no, when calculating inflation you have to compare likes.

If a loaf of bread cost $0.10 in the US in 1950 and now you're like, well a slice of bread in Vietnam still costs $0.10, thats not really a good argument.

[salmon30salmon]

It is more like saying, "a loaf of bread in 1950 cost 10c, and you can buy a loaf of bread for the equivalent in today's dollar. But if you want that brand-name bread that people are out-bidding each other to buy, it is going to cost quite a bit more"