My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable

  • technocrit@lemmy.dbzer0.comEnglish
    0·
    15 days ago

    If the house hasn’t changed, then the value is basically the same.

    The price change is more about how rapidly the USD is devaluing.

    • Fox@pawb.socialEnglish
      0·
      15 days ago

      Between 2020 and 2024 there was about 22% inflation. 1.22x$195,400=$238,388. So there’s still over $110,000 of price inflation to account for past devaluation of the dollar.

      • dan@upvote.auEnglish
        0·
        15 days ago

        there was about 22% inflation

        I’m not disagreeing with you, but I just wanted to note that inflation numbers (more specifically, the CPI) is an average across multiple industries - supermarkets, rent/mortgage, furniture, cars, flights, health care, and several more. It’s possible for inflation to affect some industries much more than others and I wouldn’t expect everything to all go up at the same rate.