Write these values down. Feeling good yet?
Now go to the Inflation Calculator from the BLS that the following link: Inflation Calculator from BLS <== click here
Key in the date your purchased your home and what you paid for your home.
Press the calculate button on the BLS calculator. Now see how well you have done.
Alternate method ... key in $1 in the year you purchased your home to see what inflation (a hidden tax) has done to you. Now key in the taxes your paid in the first year you owned your home and see what the taxes would be with inflation today. Now how do you feel? Which has gone up the most? See why you don't uncork the champagne. Has your investment in education (your kids and your neighbors) been worth it?
