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by BobaFloutist
79 days ago
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According to a random inflation calculator I found with a lazy Google search, $50,000 in 1996 is about $106,000 today. Was $50,000 a lot of money in 1996? Did it afford a nice house in a good neighborhood? Or is it that 6 figures just isn't what it used to be? |
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Going by the house shouldn’t be more than 3.5x your income. That puts the necessary income less than $50K.
Heck I had my second house built in the northern burbs of Atlanta in “the good school system” for $335k in 2016. We sold it in 2024 for exactly twice the price.