As others in this thread have mentioned: there are a lot of factors that go into a property’s value especially over that timeframe. Hell parcels could’ve been combined for all we know. But overall housing saw a general slow crawl of increased value, then volatility in 2009 followed by inflation really taking off 2017ish. My house doubled in value from 2019 to 2022.

But if we are assuming those costs are 40 years mostly unchanged conditions? That is still major increase in value. You see that kind of inflation in value if the land is in high demand. If its near a city center that has seen growth and devlopment? Easy increase in price.

Another factor are once remote areas that has seen major developments. Out here in PNW there are a lot of old developments on lakefronts that have exploded in value because they got a walmart within an hours drive and now an internet connection decent enough to enable teleworking.

My grandmother’s house, which was in a VERY nice, very high class neighborhood, was $20k back in the early 80s. Today, the area is destroyed and had become another run down suburb near Detroit. It’s dangerous to live in, but that house is still $160k.

WWII saw the end of almost 500k American lives, but the population of the country still increased. There will always be more people, but there will never be more Earth.

My current home that I bought a few years ago I bought for 375k in Oregon. I looked up the history for it, and it sold back in 1991 for 78k. I hate the world we live in now.

This could be my dad’s house. In Hillsboro right around that time he paid 60k. Single family home with a huge lot.

In Spokane Washington, my grandmother purchased a house for my mom that was like $35k in 1984. Similar houses in the area are about $350k right now.

So yeah that’s some stupid inflation

I purchased a historical house in Spokane 2019 for almost $500k and it’s suggested sale price is over $800k now. Stupid.