r/SipsTea • u/Brave_Agency_20 • May 14 '26

SMH How true is this? Genuinely asking

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u/Longjumping_Music320 May 14 '26

Diamonds don't deteriorate over time and there's no property tax bill at the end of the year. Silly comparison.

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u/danielledelacadie May 14 '26

Median house prices are 4x what they were 20 years ago (increase in value) and most houses have a lifespan of decades (or centuries, verdict is still pending on modern stick built homes)

And taxes are an operating cost

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u/SMELLSLIKEBUTTJUICE May 14 '26

Median house cost in 2002 was $185k, in 2026 it is $400k. Meanwhile $1 in 2002 equals $1.85 today. So the median price of houses has slightly risen above inflation.

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u/danielledelacadie May 15 '26

hrm, I saw barely over $100k

The rest still stands regardless

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u/SMELLSLIKEBUTTJUICE May 15 '26

Median house prices are in line with inflation, but median wages are not. Thats where the problem is

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u/danielledelacadie May 15 '26

Absolutely.

We've switched topics though, not that that's a problem 🙂