Thread: Old school hunting

Greetings.
I think that we underestimate the level of inflation. The property I mentioned in my earlier post was purchased in 1971, about the same time as bumblefoots price list. It was sold, with some improvements, in 1996 for $120,000.00 and the current Capital Value is $760,000.00. We bought our 8 ha block in 1992 for $58,000.00. Currently the Land value is $790,000.00. In 1974 we bought a new car for $3,900.00. An equivalent new car today is on the thick end of $40,000.00.
GPM.