Landlords and property managers can’t collude on rental pricing. Using new technology to do it doesn’t change that antitrust fundamental. Regardless of the industry you’re in, if your business uses an algorithm to determine prices, a brief filed by the FTC and the Department of Justice offers a helpful guideline for antitrust compliance: your algorithm can’t do anything that would be illegal if done by a real person.
Interesting that pay tripled, staples like food and gas doubled, and the price of a car quadrupled in that time. Houses also dropped from 4x pay to 2.5x pay
Well the first one was in the depths of the Great Depression and the second one is the beginning of the post war boom. I would hope it looks better.
Home loans at that time were 10 year mortgages. Homes were so cheap that you could pay them off quickly. Of course homes now are much better made. Back then you might build it yourself or with some friends. A lot of homes from that time suck.
You are only seeing the one that survived. That’s the definition of survivor bias.
Also, the electric system, pipes, roof, foundation, etc. wouldn’t be up to code today. And “code” is the minimum level of quality that’s legal. Every house built back then would be uninhabitable today, either because of safety issues or because of comfort issues.
Can’t speak for the veracity, but I’ve got two magnets with the following:
1934
Average income = $1,601.00
Loaf of bread = $.08
Gallon of gas = $.10
Gallon of milk = $.45
New car = $625.00
New house = $5,972.00
1958
Average income = $4,650.00
Loaf of bread = $.19
Gallon of gas = $.24
Gallon of milk = $1.01
New car = $2,155.00
New house = $11,975.00
Interesting that pay tripled, staples like food and gas doubled, and the price of a car quadrupled in that time. Houses also dropped from 4x pay to 2.5x pay
Well the first one was in the depths of the Great Depression and the second one is the beginning of the post war boom. I would hope it looks better.
Home loans at that time were 10 year mortgages. Homes were so cheap that you could pay them off quickly. Of course homes now are much better made. Back then you might build it yourself or with some friends. A lot of homes from that time suck.
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You are only seeing the one that survived. That’s the definition of survivor bias.
Also, the electric system, pipes, roof, foundation, etc. wouldn’t be up to code today. And “code” is the minimum level of quality that’s legal. Every house built back then would be uninhabitable today, either because of safety issues or because of comfort issues.