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Comment by dlcarrier

1 day ago

My parents bought a house in the mid 80's, that another family member currently lives in. It still has the original air conditioner, which is a heat pump, so it's run for 40+ summers and 40+ winters with minimal repairs and effectively zero maintenance.

Exactly. Qualiflation. We have substituted the inflation with the inflation of quality. Yes, the AC in 80x used to cost $2k, and thank pete, in the current market it costs only $2.5k. But if you compare the quality, you will get the idea that that old AC is about $15k right now, cause it was so damn good and unbreakable.