Joanna wrote
How come, when my dad bought a house in the middle of LA in 1971, for $26,000, it represented about 1.5 times his salary as a unionized billing clerk (Teamsters); but, if I wanted to by a comparable house in the bay area today at about 500,000, I would be paying five times my annual salary as a bleeding edge/hi tech/ tech writer?
Genuinely curious,
Joanna
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Perhaps the purchasing power of the dollar is that much less than 1971?
L
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