Houses of that era and size up here in IL, with full basement and attached garage (because weather is different up here) are now going for $200K - for a 60-70 year-old house.
$2,250/year average income in 1955. 2024 average household income is $80k.
That's not apples and oranges so let's assume (dubiously but for the sake of discussion) that the average household income was $4,500 in 1955. That would make these houses a bit less than 2x the household income.
Average house price in 2023 was $412k, or a little over 5x household income.
I think I could tell it was real because I saw real flood damage in New Orleans after hurricane Katrina. You can almost see the motion of the water in those cars
@Michel Patrice The thing is if you actually take the time to look at the statistics, FLOODS and FIRES and HURRICAINES are neither happening more often NOR with more severity, they are actually down somewhat. What IS happening is more capital damage but this is only because stupid people build condos on the shorelines.
