Chart of the Day - The Opposite of Shrinkflation
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Today’s Chart of the Day is from theHUSTLE with data from the US Census Bureau showing that the median square footage of houses in the US has increased 138%, from 1,048 sq-ft in 1920 to 2,491 in 2020.Since 2000, house prices have been quite volatile, and the indexes show that prices are increasing higher than inflation. However, some of this can be attributed to the fact that houses are simply getting larger, thus they cost more. If the trend continues at this rate, the median house could be over 4,000 sq-ft in the year 2080.
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