It very well could go up until the average house costs a billion.
My parents bought a very nice 3bed/3bath house in a suburb near Seattle in 1970 for around $17k. That house sold ten years ago for $800k and is valued at $1.8M today. In the 1980s they bought a house for $160k that was nicer, bigger lot, but further out. That house just sold for $1.6M.
In the last fifty years, homes have gone from five figures, to six, to seven. In another ten to twenty years or so we’ll be talking about $10M homes being the suburban dream. This is the magic of inflation. The houses are the same. The dollars are worth… less.
It very well could go up until the average house costs a billion.
My parents bought a very nice 3bed/3bath house in a suburb near Seattle in 1970 for around $17k. That house sold ten years ago for $800k and is valued at $1.8M today. In the 1980s they bought a house for $160k that was nicer, bigger lot, but further out. That house just sold for $1.6M.
In the last fifty years, homes have gone from five figures, to six, to seven. In another ten to twenty years or so we’ll be talking about $10M homes being the suburban dream. This is the magic of inflation. The houses are the same. The dollars are worth… less.
You will. You will be earning $200 million per year. Same shit job, same shit pay, just bigger numbers and exposure to millionaire taxes.