Back in the 60's gasoline was about a quarter a gallon and silver soon was worth more than the coin. Government stopped making silver coins in 1964 for that reason. OK so, if I grab a silver quarter and take it to the coin store and sell it for paper money. Well, they will give me at least $2.50 (ten times) and with that I can still buy a gallon of gas.
Therefore you can see what went up. It was not silver or gas. Those simply keep pace. A man bought a house in 1964 and pay for it $6,000 in cash money. Well, it sold in 2005 for near $600,000 (100 times)and later resold in 2010 for near $250,000 (40 times) meaning it shot up a lot more than 10 times its 1964 price.
There are no houses selling for $60,000 now. Yeah, not anywhere we can see. That is because housing went too high and now must come back to reality if you know what I mean. Gasoline went self serve. The idea was to save you money. Actually, you can use a credit card now.
It does not matter if there is a person to take your money. Works like a vending machine - like red box movies. It is cheaper than having a person. Still, houses are the thing that is truly expensive.
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