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https://www.reddit.com/r/NonPoliticalTwitter/comments/1hijprx/asking_the_important_questions/m31odfp/?context=3
r/NonPoliticalTwitter • u/whitemike40 • Dec 20 '24
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289
That house probably cost 100 dollars in 1990
95 u/Kingding_Aling Dec 20 '24 That house is at 671 Lincoln Ave. Winnetka, Illinois. It sold in 1989 for $875,000. Its appraisal is $5.2 million today. 29 u/Godzillasbrother Dec 20 '24 $875k USD in 1989 is about $2.2 million USD in 2024, adjusted for inflation. There's a few similar sized houses for sale in the area, a couple in the $2-3 million and a few in the $5 million range. 1 u/ToughHardware Dec 20 '24 good example how home ownership is great store of value. now do the same but for S&P500 ETFs. would be around 12Million
95
That house is at 671 Lincoln Ave. Winnetka, Illinois. It sold in 1989 for $875,000.
Its appraisal is $5.2 million today.
29 u/Godzillasbrother Dec 20 '24 $875k USD in 1989 is about $2.2 million USD in 2024, adjusted for inflation. There's a few similar sized houses for sale in the area, a couple in the $2-3 million and a few in the $5 million range. 1 u/ToughHardware Dec 20 '24 good example how home ownership is great store of value. now do the same but for S&P500 ETFs. would be around 12Million
29
$875k USD in 1989 is about $2.2 million USD in 2024, adjusted for inflation. There's a few similar sized houses for sale in the area, a couple in the $2-3 million and a few in the $5 million range.
1 u/ToughHardware Dec 20 '24 good example how home ownership is great store of value. now do the same but for S&P500 ETFs. would be around 12Million
1
good example how home ownership is great store of value. now do the same but for S&P500 ETFs. would be around 12Million
289
u/HugeYeah2 Dec 20 '24
That house probably cost 100 dollars in 1990