I liked your price comparisons from 1970.
Ithink to do the same from 1937 when most things were at rock bottom is more interesting especially GOLD.........
UK FARMLAND 1937 £10 ACRE 2022 £10000 + 1000 TIMES
US CRUDE " 10 CENTS BRL " $ 90 + 900
UK HOUSE …
Not much farmland is worth as much as £10,000 per acre now. I am sure the average across the country is much less (I own some).
UK Houses are plumbed, centrally heated and phone connections and insulation and so on - so one ought to adjust accordingly, even so they have outperformed hugely.
Similarly Cars are more sophisticated and efficient and safer so prices are not directly comparable.
I liked your price comparisons from 1970.
Ithink to do the same from 1937 when most things were at rock bottom is more interesting especially GOLD.........
UK FARMLAND 1937 £10 ACRE 2022 £10000 + 1000 TIMES
US CRUDE " 10 CENTS BRL " $ 90 + 900
UK HOUSE " £ 900 " £ 750,000 + 830
UK WAGE " £ 2 WEEK " £ 440 + 220
UK CAR " £ 100 " £ 12500 + 125
US GOLD " $ 35 " £ 1800 + 51
Not much farmland is worth as much as £10,000 per acre now. I am sure the average across the country is much less (I own some).
UK Houses are plumbed, centrally heated and phone connections and insulation and so on - so one ought to adjust accordingly, even so they have outperformed hugely.
Similarly Cars are more sophisticated and efficient and safer so prices are not directly comparable.