[sarchertech]

My parents bought our house when I was in 3rd grade in 1993 for $80k. A new similar house in their area would probably cost $250k now. But they don’t make 1200 square foot houses anymore so you’d probably need to spend $350k for a 2200 square foot house.

So new houses have more than doubled the pace of inflation in my hometown.

But when we moved in there was no mall, no Best Buy, few jobs. It was much more rural. This happened all over. Things got more developed. Areas that are desirable now weren’t necessarily desirable 30 years ago.

Plus the houses now are so much more insulated and air tight that heating and and cooling costs a fraction of what it did 30 years ago. And the houses are much bigger.