Message from @Karnivore
Discord ID: 675540521342468097
(I didn't pick Atlanta, the article simply is about Atlanta)
that means that your $4,000 to $6,000 house in 1920 would be $53,171 to $79,757, when adjusted.
According to the article, the median cost of a house in Atlanta now is $264,500.
Definitely some disparity there.
3x-5x more is pretty huge difference in price
new cars were much cheaper, relatively speaking
$260 for a new car in 1920
adjusted for inflation, makes that around $3500, in 2020.
while in 2020, average price of a new car is $34000
nearly 10-fold
going back to your $380/week (adjusted for inflation) iron worker pay
that would be 380x52=$19,760 per year (adjusted for inflation)
also, minimum wage in 1925 was something like 16 cents per hour
(at least in 25 or so states)
Also not only are your numbers wrong
you would make an average of about $1 per hour which would be $40 a week
but you are picking a single city
please pinpoint my incorrect numbers
so that I can have another look at what I've read
I am simply reading what seem to be valid sources and typing the numbers here
here is another source I am using:
You are also picking a city that fell into crime so it lowered the price of the average home over time
The median home value in Los Angeles is $696,900
I already stated that I didn't pick the city.
Did you not read that?
I did but the fact that you chose a single city makes your argument irrelevant
Let's test your theory.
I have to go to my friends place for a dinner but i'll be back in a few hours I think it's a good topic
> ...current national median home price of $257,000...
a depressing one but a good one
understood
it certainly is interesting
bon apetit
I'm going to continue to type a few things here, so you can peruse it later
> According to the article, the median cost of a house in Atlanta now is $264,500.
compared to:
> ...current national median home price of $257,000
looks like you were right
I was too high by $7,500.
No.. you don't understand again