Before Time Home Costs
This is another chapter in the Before Time series of articles (here’s the last one) written by those who experienced those times for the sake of the edification of those who are too young to have experienced them and so have no knowledge of how things were, once.
My parents bought their first house in 1969 – in Stamford, CT. It was a split level in a nice suburban neighborhood, sitting on about a half-acre of land. They paid about $33,000 for it, equivalent in today’s devalued currency to about $300,000. I decided to check what the old house would cost today.
First, though, how about what it costs to not be evicted from it, today.
According to the latest public records data I could find, the annual property tax on the old house is currently $10,530. In other words, three years of property taxes on the old house in our time amounts to as much as my parents paid for the house back in the Before Time of 1969. In inflated-equivalent currency, it would come to about $2k per year, if my parents had been obliged to pa
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.