$3,600 on 1940 should be equal to just over $87,000 today according to the BLS CPI calculator. One of those houses today is probably selling for five times that, at least.
That’s just the house. Now add costs for the land, utility build out, building a road and driveway, plus all the construction permitting and licensing. Easily doubles if not triples the price.
$3,600 on 1940 should be equal to just over $87,000 today according to the BLS CPI calculator. One of those houses today is probably selling for five times that, at least.
That’s just the house. Now add costs for the land, utility build out, building a road and driveway, plus all the construction permitting and licensing. Easily doubles if not triples the price.