Quote:
Originally Posted by packs
I don't really have a lot of faith in those calculators. It ignores a lot. For example, if Ruth bought an apartment in NYC in 1930 with his money, that apartment value would far exceed whatever the 2017 dollar calculation is today.
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Alternatively, what if he bought a house in Detroit? A house that's now sitting on the market with an asking price of $10,000?
That is, why pick something that's done disproportionately well relative to the rate of inflation, consumer price index, rise in minimum wage, etc. as the means of undermining the validity of the calculator?
I mean, sure he could have bought an apartment in New York, but he could also have bought over a billion dollars in present-day value of vintage baseball cards for the same amount.