this post was submitted on 28 Jan 2024
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Gold for house (lemmy.ca)
submitted 10 months ago by n7gifmdn@lemmy.ca to c/memes@lemmy.ml
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wood for sheep?

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[–] Ghostalmedia@lemmy.world 197 points 10 months ago (23 children)

This isn’t actually true. In the US, housing has outpaced the value of gold.

In 2023, you would need 254.7 ounces of gold to buy a house, since $495,100 avg home / $1,943 price of gold = 254.7

In 1920, you would need 164.1 ounces of gold to buy a house, since $3,395 avg home / $20.67 price of gold = 164.1.

[–] neptune@dmv.social 5 points 10 months ago

Which week are we talking about? Lol

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