this post was submitted on 28 Jan 2024

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Memes

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Gold for house (lemmy.ca)

submitted 9 months ago by n7gifmdn@lemmy.ca to c/memes@lemmy.ml

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wood for sheep?

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[–] jonsnothere@beehaw.org 1 points 9 months ago

The meme may be true, but it is less meaningful than you might assume at first glance. The obvious comparison is those memes comparing wages or dollar values with house prices, where obviously inflation has made a huge difference in 100 years. However, you should compare it to other types of investment, so does a stock index grow as fast as home prices or not?