Re: Inflation vs California housing prices

On Mon, 01 Jul 2024 17:44:15 GMT, Tom Kunich <cyclintom@yahoo.com>
wrote:

In response to Slocomb's comments that the value of my house has merely  tracked inflation. The fact is that it has grown in value by almost 11 times whereas inflation is only 1/3rd of that. Tell me John, don't you EVER get embarrassed from making really stupid statements?

You are correct as the over all inflation has about doubled costs -
114.8 to 338.5 past 20 years and the average house cost increased by
11% in 2023 alone,and while housing cost does not increase equally for
each year but  if it did over 20 years it would be substantially
higher then inflation.

So for once you didn't yell a lie. What is the score over the past
year?

--
Cheers,

John B.