Quick, of all the things that have exploded in price in the post-pandemic/inflation era, what costs about $100,000 more than it did 10 years ago?
- A tank of gas? (No, just seems like it).
- A dozen eggs? (Not even when our ubiquitous local avian megafauna drop them).
- A power-hitting third baseman? (Uh, that wouldn’t even get you Bobby Bonilla, and he retired in 2001. The Mets still pay him $1.19M every July 1, though).
Recall that this column is supposed to have something to do with housing (maybe not so much lately) and Pittsburgh. So, is the answer a house in Pittsburgh?
DING DING DING! According to ConstructionCoverage.com, “between 2016 and 2026, Pittsburgh experienced a +$100,274 increase in its median home price. That’s a +73.1% increase in median home price in just 10 years. The newest income data shows a +64.3% 10-year increase in Pittsburgh’s median household income.”
That can’t be right. (Looking up my own house … oh)…