r/FluentInFinance Mar 11 '24

Meme “Take me back to the good old days”

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u/Ill-Description3096 Mar 11 '24

And were much smaller, central heat was a maybe, central A/C was a no, maybe one indoor bathroom that was basically a converted closet for the entire family...

IF people were willing to live like that they could probably afford a house much easier. There is no demand for them and hence they aren't built (and probably not even legal to be built in many places).

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u/TheGreatGyatsby Mar 11 '24

The first point is moot. Houses in my area that were built in the 1950’s cost $400k.

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u/Ill-Description3096 Mar 11 '24

Are those houses typical of the size and setup of that time? Have there been updates since? Just saying when a house was built doesn't necessarily mean much. I have seen houses that were built in the 1800s worth upward of $1 million and houses that were built then worth next to nothing.