u/realmanchu

Measuring property prices in kilos of gold?

My friend told me that a lot of people from her grandparents generation measure approximate value of property using gold prices. For example if a house used to cost around 1 kilo of gold 20 years ago, it should still be around 1 kilo of gold today.
Have you guys heard this before? How many people believe in this value estimation method?

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u/realmanchu — 2 days ago