Talk:Chicago real estate bubble of the 1830s

Latest comment: 5 years ago by 2600:1700:6D90:79B0:E95F:F049:CE93:398A in topic Land prices in actual dollar amounts at the time please

Land prices in actual dollar amounts at the time please

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Any "in 2012 dollars" expression is very weak compared to the actual dollar amounts at the time. Equal value amounts are completely subject to the method of conversion and such amounts are a complete fiction as the price of differing goods and services have changed at differing rates. So a 2012 estimation becomes less meaningful the further we get from 2012 and whatever method used to create the fictional amount is unclear. Equivalent amounts are just hoi polloi ooh and ahh meaningless expressions anyway. The factual expression is the actual dollar amount at the time.2600:1700:6D90:79B0:E95F:F049:CE93:398A (talk) 02:53, 10 June 2019 (UTC)Reply