How will inflation affect your Homes Value?

07/06/2022 30 min Temporada 1 Episodio 17
How will inflation affect your Homes Value?

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Episode Synopsis

And I think that's when you hear about it on the radio or the news and are they I think that is what a lot of people are missing. So, I did a little research. So let's say you bought a house in 1973. The average price of a house then was about $45,000. Okay, so now if you say people can, people could afford that, but how much were you making? You are making close to what they're making now. So, and then in 1995, it was close to 150,000. Okay, does that sound bad? No, it's, it's just a progression of that's the way it's going. Well, guess what, when you worked at, even when I got when I was in high school when I first came out of work, I made about $7.25 an hour, I worked at Blockbuster, that tells you how old I am. So, $7.25. Now, if you go to McDonald's right now, and you want to work, how much do you make, it's 15 $17 an hour. I go, they'll give you anything you want just to get you to work. There I go. Okay, so that's almost double what I was making. So the price of living, I mean, the price, your income has changed. And I think that's not what a lot of people are hitting onminimum wage. And truthfully, I don't remember what it was. But I believe that back in when I would have been doing that. So I graduated in, you know, the late 70s. So let's say in the late 70s, or early 80s. I think it was around that time, we could look it up, but somewhere around $3 for some reason. $3.10 sticks in my mind. And what's minimum wage today?Connect with Us:For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twitter: @IndysREgurus Instagram: @indysrealestategurus Contact Us:Have questions or want to get in touch? Email us at [email protected] or call or text us at 463-223-9592. We love hearing from our listeners! Support the Show:If you enjoy the podcast, please leave us a review on your favorite streaming platform. Your support helps us grow and reach more real estate enthusiasts like you!

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