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I was talking with my parents about the prices of things, and they told me when they bought their first house together that I was
I was talking with my parents about the prices of things, and they told me when they bought their first house together that I was raised in, they bought it for $140,000, which was an absolute steal. It was around 5,000 square feet, had a 4-car garage, and was in a country club. That same house that was bought in 1997 for $140,000 sold in 2013 for $519,000, I just checked on the price now, and it's listed at $1,032,000. I am totally shocked at this because the location and house were a great home to grow up in, but it's not what I think of when I imagine houses that cost millions of dollars. The increase in price was about 637% which is just crazy to me. A recession was predicted at the end of 2022, but it looks like we may escape that with the increase in GDP and energy costs slowly coming down as well. I believe inflation will start to get better and the economy will start to repair itself, and with evidence of improvement, it seems things could be positive in the future
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