National Homes Corp., Lafayette, Ind., began production in 1940. The houses were prefabricated in panels on an assembly line. At that time two bedroom models were $2,000-$2,400. Three bedroom homes were priced at $2400-$3600. They filed for bankruptcy in 1991.
$3,600 on 1940 should be equal to just over $87,000 today according to the BLS CPI calculator. One of those houses today is probably selling for five times that, at least.
That’s just the house. Now add costs for the land, utility build out, building a road and driveway, plus all the construction permitting and licensing. Easily doubles if not triples the price.
Huh. Do I miss Reddit markdown tables?
2,000 USD in 1952 ≈ 25,430 USD today
2,400 USD in 1952 ≈ 30,520 USD today
3,600 USD in 1952 ≈ 45,770 USD today(Insert all disclaimers about not taking currency inflation at face value (ha) here)
Damn that den is masculine. I can almost smell the leather from some of those books.
Half a million dollars now.
Depends on where. Outside a populated city? 1.5 mil easy.
fucking hell
At least
Talks about budget without telling you the price. I dont get these ads.
If you have to ask how much a house costs, you can’t afford one.
I think you get the ad just fine.
