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Gold for house
(lemmy.ca)
wood for sheep?
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this post was submitted on 28 Jan 2024
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Which one? Gold was $20.67 per Troy ounce in 1920, that’s about $664.55 per kilo. 10 kilos about $6,645.55 I’m believing the first search result https://www.countryliving.com/life/g33398396/what-things-cost-100-years-ago/ says that matches up. Gold is about $64,900 per kilo today so $649,000 for 10 bars, that’s a low cost of living middle class place or HCOL very small house that needs renovation. I could see you meaning these days and houses in some areas are in the $6 million range, guess they should be location specific.
What the fuck is going on with house prices up there
Sub 2% interest rates for 2 years for loans and then jumped to ~8%
Market is wildly variable.
And probably the fact that post 2009 the construction industry collapsed and a lot fewer homes are getting built
Median home price in the US last year was about 450k, so I’d say your scale is a bit skewed.
Yeah I was going to say Upper Middle Class but I’ve seen some dumpy houses for those prices and it’s really titled by if you bought when interest rates were low vs the last year or so.
Where did you get the gold price? This page says $269.
He's taking kilograms, you're talking ounces.
It’s weird though my 1920s price research shows $20.67 per Troy Ounce. Example: https://sdbullion.com/gold-price-by-year
I might be mistaken and that’s the US government’s set price for gold in the early 1900s, a lot of these other links show it closer to 10x that value.