Ever wonder if your ancestor was rich or poor? Ever compare siblings in different states and notice that one owns a home worth $10,00o in one state, while another is renting for $50 a month? Just how rich is rich and how poor is poor? Real estate has always varied a lot by location.
I found a calculator on line that I like called The Dollar Times Inflation Calculator. I learned that ONE DOLLAR in 1930 is equal to $12.22 today. That means that one of my relations house in Jersey would cost $165,000 today. Now is that $165,ooo in Los Angeles (good luck finding that shack!) or a great middle class home in, well, Jersey!
Try this calculator and see what you think! Click on the title above or on the link to the right!
