That's an exaggeration. The median price for new construction in 1980 was $64,600. [1] As for existing housing stock, the median home value in 1980 was $47,200. [2] As housing prices are heavily right skewed, the prices of cheap housing is far closer to the median than the price of expensive housing. Based on a cursory overview of some charts, it seems like the bottom 20% of houses are no more that 30% cheaper than the median, putting them in the $30k range.
Removed by mod
deleted by creator
Removed by mod
That's an exaggeration. The median price for new construction in 1980 was $64,600. [1] As for existing housing stock, the median home value in 1980 was $47,200. [2] As housing prices are heavily right skewed, the prices of cheap housing is far closer to the median than the price of expensive housing. Based on a cursory overview of some charts, it seems like the bottom 20% of houses are no more that 30% cheaper than the median, putting them in the $30k range.
Removed by mod
1975 =/= 1980. Looks like housing went up 64% in those 5 years from the data I already linked.
Removed by mod
Data instead of anecdotes?
Removed by mod
Curious, as the person who you were originally responding to deleted their comment. Is that per year or a one time expenditure?
Also, 36k is still literally 44-80% higher than your initial claim.
Removed by mod
I'm disengaging.