I’m from space!

  • 3 Posts
  • 2 Comments
Joined 2 years ago
cake
Cake day: June 10th, 2023

help-circle




  • Ghostalmedia@lemmy.worldtoMemes@lemmy.mlGold for house
    link
    fedilink
    English
    arrow-up
    0
    ·
    2 years ago

    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.