Price difference between 1954 and 2018

[Matthew Paul]

I bought a nice little 2/1 about a month and a half ago . Just finished it up today . I grabbed a bunch of papers left in a drawer in the kitchen.  In it was the original bill of sale for the house from 1954 . With extras the original owner paid the hefty sum of ..........$ 6840.00 .    Six thousand eight hundred and forty dollars. 

Fast forward 64 years  and I paid $ 160,000 .  

$6,800.00 in 1954 had the same buying power as $62,318.33 in 2018

https://www.dollartimes.com/inflation/inflation.php?amount=6800&year=1954

[Steve B.]

Bob B. You just criticized Omar Khan for playing the “what if” game then you immediately started playing the “what if” game with an optimal real estate scenario. I wonder how the 1954 buyers of inner city luxury houses have made out in Detroit and Cleveland when adjusted for inflation.