Rate the Big Mac Index to see the real costs. Doesn't matter if a house costs 8000$ 50 years ago, your Salary was 1000$ per year. Today your salary is 100000$ so the same price for a house should be 800000$. Rated in Big Mac 50 years ago you could buy 4000 Big Mac for a year salary, a house cost 32000 Big Mac. Today you can buy 20000 Big Mac a year salary and the price for a house is f.e. 80000BigMac, than the House is cheaper than 50 years ago, even if it costs 400000$ instead of 8000$
There is an actual equation used for real life world wide inflation standards called the Cheeseburger, that determines how much it costs in various nations to get a Mc Donald's cheeseburger... THAT is the only food standard that the whole world uses.
Did you even use the Big Mac index? All the latest reports are that inflation is being UNDER reported for the last several years, so that means it costs more than inflation can keep up with, so you are absolutely wrong in your numbers.
Rate the Big Mac Index to see the real costs. Doesn't matter if a house costs 8000$ 50 years ago, your Salary was 1000$ per year. Today your salary is 100000$ so the same price for a house should be 800000$. Rated in Big Mac 50 years ago you could buy 4000 Big Mac for a year salary, a house cost 32000 Big Mac. Today you can buy 20000 Big Mac a year salary and the price for a house is f.e. 80000BigMac, than the House is cheaper than 50 years ago, even if it costs 400000$ instead of 8000$
There is an actual equation used for real life world wide inflation standards called the Cheeseburger, that determines how much it costs in various nations to get a Mc Donald's cheeseburger... THAT is the only food standard that the whole world uses.
Did you even use the Big Mac index? All the latest reports are that inflation is being UNDER reported for the last several years, so that means it costs more than inflation can keep up with, so you are absolutely wrong in your numbers.
house of the price divided by the months/years of salary = real price. no way today its cheaper....
f@#k :D
price of the house divided by the months/years of salary = real price. no way today its cheaper....
There is an actual equation used for real life world wide inflation standards called the Cheeseburger, that determines how much it costs in various nations to get a Mc Donald's cheeseburger... THAT is the only food standard that the whole world uses.
Did you even use the Big Mac index? All the latest reports are that inflation is being UNDER reported for the last several years, so that means it costs more than inflation can keep up with, so you are absolutely wrong in your numbers.