19 Dec 2017 2:26 pm
i believe the historical average is 5% yrly.................the old saying being, a dollar today is worth .95 in a yr at todays moneyCannonpointer » 19 Dec 2017 11:45 am » wrote:
2%, the dildo says. Remarkable job, he says.
gas
milk
housing
bread
I remember when gas and bread were around 10 cents - one silver dime. A home was maybe 10 grand.
Our new 3 bedroom in town cost 7200 in '63. At 2% inflation, it would be worth about 17k today. Let's see what zillow says, mr. 2%.
.
60,000.
If gas was 25 cents in '63, it should be 58 cents today, figuring 2% per annum inflation. Ditto bread. Ditto milk.
It almost looks like someone is full of ****.
Looks like I can believe about 2% of what this remarkable knob job has to say.
makes sense that prices double for staples every 25 yrs
real estate should also be factored as an appreciating asset in the equations here...in fact, it is an entirely different thing and a good thing to look at too......when real estate plummeted to half the values in 08(UGGGHHHH) it will take 25 yrs to stabelize at a historical average