It used to be that a million dollars was wow money at one point. Now though, with the way prices are going, a million dollars is the new 200,000. When you look at houses now vs the 70s, those house prices are NEVER going to go back down to those 70s value ever, no matter how much the housing market craters. Same with most commodity prices, they are still up there, but instead of rising at 12% inflation rates or more, the inflation itself has gone from 12 to 5%, but the prices are still going up. Its like people cheering gas has gone from 3.50 to 3.55 instead of going to 3.75, its still going up, just not as fast as before
It used to be that a million dollars was wow money at one point. Now though, with the way prices are going, a million dollars is the new 200,000. When you look at houses now vs the 70s, those house prices are NEVER going to go back down to those 70s value ever, no matter how much the housing market craters. Same with most commodity prices, they are still up there, but instead of rising at 12% inflation rates or more, the inflation itself has gone from 12 to 5%, but the prices are still going up. Its like people cheering gas has gone from 3.50 to 3.55 instead of going to 3.75, its still going up, just not as fast as before
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