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So much for "progress"
(lemmy.world)
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this post was submitted on 30 Dec 2024
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Why isn't he using inflation-adjusted figures for 1971?
Why isn't he comparing the cost per square foot of houses instead, since the average house today is much, much larger than the average house in 1971?
Official inflation rates calculation formulas have been adjusted too many times for it to have any value to compare prices over 50 year period.
This is a valid point, it would more precisely account for "hedonistic" adjustment
is it 5.5x larger?
If the number is 4x instead of 5.5, how would your analysis change on the trend we see here?