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The homes did not become more expensive

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Jul 9, 2017.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    The Death of the US Dollar
    Kettle Moraine Precious Metals


    The homes did not become more expensive – your work, efforts, talents and the US dollar became WORTHLESS!


    Buy Silver. Buy Gold.


    1934 Christmas Catalog from Montgomery Ward.

    [​IMG]



    [​IMG]

    "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." ~ Napoleon Bonaparte, Emperor of France, 1815



    www.kettlemorainepreciousmetals.com

    http://www.silverbearcafe.com/private/07.17/dollardeath.html
     
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  2. Howdy

    Howdy Silver Member Silver Miner

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    That's a crazy floor plan. Nothing is supporting the weight of the bricks on the second floor cantilevered out front. Good analogy to our economy.
     
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  3. Joe King

    Joe King Gold Member Gold Chaser

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    $1092 in '34 amounts to about $20,000 today, yet houses cost way more than that. Except in Detroit of course, where one of those houses built in '34 could possibly still be had for $1092.
     
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  4. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Bedrooms are too small. There is no master suite. One bathroom and it's on the 2nd floor? Is that right? I don't know about the rest of you, but my primary home needs at least 3 bathrooms.
     
  5. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    People didn't poop as much back in the day.
     
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  6. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    yep, they just ground it up and farted it out..............

    people don't fart like they used to
     
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  7. Joe King

    Joe King Gold Member Gold Chaser

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    What's changed is the ratio between average wages and the price of a house. In '34, you'd have been doin' good to earn $25-$30 a week. That means that house in the OP could theoretically be paid for within 10 Months. Keep in mind, we're only talking material cost, not the actual construction cost. That Monkey Wards house is a kit.

    So the question is, what is the current cost of materials for a comparable house today? Average wages in mfg today are $20.74/hr. At that rate, 10 Months gets you about $36,000. Would that be enough to buy just the materials to build that house shown in the OP?
    We should probably adjust for improvements in quality too, if any.


    Edited to add: Handbook of labor statistics, 1928-1934. Scroll through for a look at wages of many different jobs of the day.
    https://babel.hathitrust.org/cgi/pt?id=uiug.30112032654953;view=1up;seq=896
     
    Last edited: Jul 9, 2017
  8. andial

    andial Sir Midas Member Site Supporter ++

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    The framing plans on that house please plus i see no foundation costs either. I consider any comparisons to present day homes spurious at the very least.
     
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  9. Usury

    Usury Gold Chaser Platinum Bling

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    That's just materials. You still have to have the land, foundation, land improvements (septic, well, etc) plus labor to put together.
     
  10. Joe King

    Joe King Gold Member Gold Chaser

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    So any idea what the material cost is today for a 3br 1bath home? Can you buy all the above ground materials for $36,000? If so, not much has changed.
     
  11. Treasure Searcher

    Treasure Searcher Gold Chaser Platinum Bling

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    Talked to a couple three weeks ago. They have six teenage daughters. I joked to the dad, that he lived in a sorority. He laughed. I also asked him if he ever saw the bathroom!

    The number of required bathrooms, should go by how many females in the house. Guys have a comb and razor. Females need more space for their beauty/bathing time.
     
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  12. hammerhead

    hammerhead Not just a screen name Gold Chaser

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    My property tax bill is that much for 6 months.

    You may be able to purchase this today for the same price if you scrounge around enough.

    phils_shanty.jpg
     
  13. hammerhead

    hammerhead Not just a screen name Gold Chaser

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    It's not common to find that kind of framing but it is out there.
     
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  14. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    You know I just recently started snoring for some reason, but have been farting like an Olympic champion for years. My wife usually hits a spare bedroom a few times a week for either/or.

    Then I need my own bathroom to have a nice place to sit back and relax for Sunday morning power dumps. Just like grandpap on the Friday after Thanksgiving.
     
  15. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    Nawww, it's Room-to-room which was expected back in those days. The closets were small if they were even included. Most didn't need a closet if you had a wardrobe or armoire.

    Also, remember that including the restroom inside a home was a big deal since the 19th century saw it's fair share of outhouses. Kitchens were now attached which previously were unsafe and kept separate from the home in case of fire.

    The 'open floor' plan where spaces flow into one another is a modern design post-WWII. The only one designing otherwise at that time period was Frank Lloyd Wright and modern European architects.
     
  16. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    Ok, so let's do another little comparison.....for fun.

    $1092 / $20 gold piece = 54.6 gold pieces (coins)..........so let's say 55.

    55 gold pieces x $1250 = $68,750 which is what the average smaller home SHOULD be but it's not. In my area $160k is the average smaller home price.

    $160k / $1250 = 128 gold pieces.

    Hmmmm.........either Gold is undervalued by 50% (being an adjusted value of $2500) or homes are overprices by 250% !!!
     
  17. Joe King

    Joe King Gold Member Gold Chaser

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    The 128 gold pieces would include land, labor, foundation/basement, and anything else not included in the kit. Ie: the $1092 is materials only. Some assembly required.

    The question is, how much would just the materials cost for a comparable 3br/1bath home today?
     
  18. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    Great point......... hmmm.....

    A building lot for such a house in my area is around $40-50k but even this can vary to a higher amount given a more desirable area.
    For discussion, let's call it $40k for the lot which is 1/4 the overall price. So now we're chiseled down to $120k.

    The builder/developer if it's a subdivision gets a profit portion of that $120k.......but if half is labor and half is materials then it's $60k / $60k.

    SO maybe in fine tuning this to your excellent point that $68k is about right ?

    Any other input on this topic ???
     
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  19. Merlin

    Merlin Gold Member Gold Chaser Site Supporter ++

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    I saw an old Sears catalog (I believe it was Sears); and in 1908 you could order an upright grand piano for $40. Illustrates the same principle: our money has been depreciated to nearly worthless. Other examples abound; I could get a child's haircut in the early 1950s for 25 cents.
     
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  20. Cigarlover

    Cigarlover Gold Member Gold Chaser

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    Home prices are artificially propped up by the bankers. They never corrected in 2007.. In addition to that the 30 year mortgage keeps prices high.
    There's so many variables in housing today too. Running water, plumbing, heating. Back then it may have been a fireplace. Probably horse hair insulation too.
    My house is just over 1700 sqr feet and I could probably rebuild it for less than 40k. It is a passive solar embankment though so no furnace and only 1 side with a lot of siding and 2 with a little bit.
    Off the top of my head I am thinking 25k plus the kitchen.
     
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  21. Argent Dragon

    Argent Dragon Site Support Site Mgr Site Supporter

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    My favorite is nearly 1-ounce gold $20 double eagle used to be $20...........trying buying one for that today !

    Cost adjusted, I still think $1250 is reasonable..........hmmm, that was a price of a fancy car just after WWI.
     
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  22. hammerhead

    hammerhead Not just a screen name Gold Chaser

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    And you would get a lolipop or a comb. I remember a time when pocket combs used to be a necessity. Either they are still being used or I don't care to notice because, well, I don't really need one thanks to the lack of hair.
     
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  23. arminius

    arminius Gold Member Gold Chaser Site Supporter ++

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    ^ If you're talking about pocket hair brushes like these;

    hair brush.jpg

    You used to see these all the time in barbershops, no longer. I have to order them by the dozen for what little hair I have left, but they massage and feel soooo good.
     

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