While $1m USD in 1988 is worth only $2.6m in 2024, if they just put it in the S&P 500 back then and left it there, it’d be worth over $44.6m today.

I don’t know if the Dijon ketchup is really worth it.

  • Carrolade@lemmy.worldEnglish
    41·
    6 months ago

    Well, buying a house is smart at least. And nothing wrong with a nice, reliable automobile either.

    • JasonDJ@lemmy.zipOPEnglish
      2·
      6 months ago

      Indeed, but not as good as S&P.

      The earliest mortgage on my towns deed list for my house was $65k in 1986.

      They owned the house until 2002 and sold it for double that (130k).

      I bought it in 2018 for nearly triple that (375k).

      Now the zestimate is pushing 600k.

      Everybody needs a house…but 65k in S&P since 1986 would be almost 3.7m today. Inflation alone over the same period would be 186k. Any house in my town in that price range is probably condemned. (Edit: 11 results in my town and two adjacent towns…9 are empty lots and 2 are single-wides and I’m in a 3bed/1.5ba Cape-style)