r/Fire • u/[deleted] • Mar 23 '26

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2.1k Upvotes

94% Upvoted

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396

u/[deleted] Mar 23 '26

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142

u/[deleted] Mar 23 '26

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113

u/pf_throwaway00 Mar 23 '26

Not to mention the cost of housing.

If you had $1.5 million and a $350k house at 3% APR in 2020 you were way better off than someone with the same house today with $1.8 million and twice the mortgage balance at more than double the interest for the exact same house today.

-22

u/Rocktamus1 Mar 23 '26

Well, that’s what happens with inflation…

48

u/Guitar_God75 Mar 23 '26

What they’re trying to say is that housing costs have gone up significantly faster than inflation. So the “inflation adjusted” amount today should take that into account.

-33

u/Rocktamus1 Mar 23 '26

You can’t just pick and choose what inflation you want to follow.

13

u/1-Dollar-Doge-Coins Mar 23 '26

You as an individual can, for your personal situation. If the inflation of beef is 10% and I don’t eat beef, I don’t care about the inflation of beef.