100 Years of Inflation

As part of our home’s 100 year birthday celebration, we learned that the original cost to build the structure in 1911 was $8,000. Starting with that data point, I tried to do some figurin’ to see how much that is in today’s dollars. Doing the calculation in my head was a very bad idea. Without actually thinking about it very much, I jumped to the conclusion that the $8,000 was “like a million bucks” in