Speaking of inflation-adjusted numbers nostr:npub1l45wqz79nexmtu79lv5up74e3mjwxnntpd6pxs7pzgu0vp33w32s7dl0g0

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This seems right. Home prices (automobiles too) are probably the highest inflated prices of any items that consumers would expect to buy and college tuition increases certainly would be comparable to housing.

Of course, at one time this was seen as a "benefit" - "a house is the best investment that you may make", which may still be true for practicality but as a hedge against inflation maybe less so, especially if the government actually somehow finds a way to tax unrealised gains.

The goal, it seems, is to make home ownership more or less impossible except for those in the government and their allies. College tuitions are already demonstrably worth less despite the increase in cost, but one doesn't necessarily NEED a college degree (I don't have one), but housing is a necessity.

Of course, one could also make the argument that houses are far larger and more luxurious than those purchased by our grandparents. My cousin laughed at me when I reminisced about the house he grew up in, laughing it off as "ridiculously small" with bedrooms just big enough for a twin bed and an equal sized area of play space for him and his sister, and of course the family of four shared a bathroom. Maybe the housing prices need to be adjusted for bathrooms/square footage lol.

I agree about the changes in houses...you walk into a 10x10 room nowadays and say "next". And I do frequently wish for a 3rd car garage (for lawnmower, bikes, motorcycle, etc). The good news is that we actually PARK in our 2-car garage vs using it for a junk magnet.

We did pay off our house - didn't go with "shorting the dollar" because we preferred peace-of-mind with having no debt. Our daughters also both got into their houses before they became completely out of reach (and one is using real estate as their wealth-builder). But I'm still always pondering those "unrealized gains taxes" as well if you don't pay your real estate taxes - which the government unilaterally determines how much they should be - they take your house away. So, do you REALLY own your house?

We also have a cabin, which we now use for short-term rentals, so I could get double-whammied with the taxes. If that happens, I'll just hope the asset prices have stayed up enough to get out and reallocate more to #bitcoin. We are over 55, so I'd even consider the sell one house, write off the gains, move into cabin for a couple years...sell the cabin and write off the gains again.

But will I be selling to BlackRock?? Do not like that idea at all!