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| The economy, is it good or bad. (Page 21/181) |
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84Bill
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AUG 08, 07:29 PM
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| quote | Originally posted by aceman:
Well, thanks, Bill, I must be "living the dream". |
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You sure are.. but bear in mind there are acceptions as there are no absolutes save death,,,
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84Bill
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AUG 08, 07:31 PM
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| quote | Originally posted by Phranc:
bill you misspelled "mispelled". You misspell most of your words and half the time they aren't even the right words. Remember "waif". What is a waif bill? It has nothing to do with age bill you're just an idiot. |
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Once again Phranc.. take your hate elsewhere.
I ENCOURAGE EVERYONE READING THIS THREAD TO RATE ACCORDINGLY
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fierobear
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AUG 08, 07:45 PM
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| quote | Originally posted by 84Bill:
Once again Phranc.. take your hate elsewhere.
I ENCOURAGE EVERYONE READING THIS THREAD TO RATE ACCORDINGLY |
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But I've already given you a negative, Bill. 
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84Bill
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AUG 08, 07:53 PM
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| quote | Originally posted by fierobear:
But I've already given you a negative, Bill.
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LOL
Well... Just keep trying...
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84Bill
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AUG 08, 07:59 PM
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| quote | Originally posted by Pyrthian:
when was this?
if I remember them days - it was you had to save your money to have have a pretty hefty down payment before you would even be considered for a loan.
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My folks did it, both sets of GP's did it and so did the majority of my aunts an uncles. Most had their houses purchased in the 60's with the acception of two uncles who moved to much larger Newly constructed houses.. but his "townhome" sold for a "tidey sum".. sometime around 74ish 75.. It was definatly pre 1976.. which today wouldnt harld qualify as a downstroke on a used Yugo...... minor exaggeration.  [This message has been edited by 84Bill (edited 08-08-2007).]
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Phranc
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AUG 08, 08:09 PM
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| quote | Originally posted by 84Bill:
Once again Phranc.. take your hate elsewhere.
I ENCOURAGE EVERYONE READING THIS THREAD TO RATE ACCORDINGLY |
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So this is where my two extra +'s came from.
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84Bill
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AUG 08, 08:29 PM
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| quote | | Originally posted by Pyrthian: |
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I just toddled over to the old man and asked him to elaborate on his American dream.
He bought a 3 br 1 1/2 bath house for 11,900 in 1965, the interest was 4.5%, he also had a brand new 1965 Pontiac GTO in Sept of 64 which cost him 3900.. the average cost at the time was 1/2 that. The mumflies on the house was 98 bux, the car was 120 and the insurance and taxes on the house was hardly worth mentioning total combined was 600 a year and 450 of that was taxes. He was making 2.50 an hr, paid no income taxes, 10 bucks would easily by several bags of groceries.
Mom.. was a home maker. This was common in our family. Everyone owned their home and everyone had new cars. Back then the gold standard kep inflation in check... mid 70's that was going to change, everything skyrocketed in price.
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fierobear
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AUG 09, 12:09 AM
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| quote | Originally posted by 84Bill:
I just toddled over to the old man and asked him to elaborate on his American dream.
He bought a 3 br 1 1/2 bath house for 11,900 in 1965, the interest was 4.5%, he also had a brand new 1965 Pontiac GTO in Sept of 64 which cost him 3900.. the average cost at the time was 1/2 that. The mumflies on the house was 98 bux, the car was 120 and the insurance and taxes on the house was hardly worth mentioning total combined was 600 a year and 450 of that was taxes. He was making 2.50 an hr, paid no income taxes, 10 bucks would easily by several bags of groceries.
Mom.. was a home maker. This was common in our family. Everyone owned their home and everyone had new cars. Back then the gold standard kep inflation in check... mid 70's that was going to change, everything skyrocketed in price. |
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What does all that come to, in inflation-adjusted dollars? How much did he get paid per hour? Year?
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Formula88
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AUG 09, 12:29 AM
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Adjusted for inflation to 2006 dollars:
code:
1965 2006
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$11,900 $74,750
3,900 24,500
5,200 32,665 $2.50/hr - assuming 40 hour weeks, = $5,200 per year
So, that would mean someone making roughly $33k a year should be able to afford a $75k house and a $24k car. Possible, although that 3 bedroom 1.5 bath house is going to cost substantially more than $75k today. The new GTO would cost about $33k. So prices have definitely gone up faster than income.
Bill, how much would your dad's house sell for today?
Inflation Calculator: http://www.westegg.com/inflation/[This message has been edited by Formula88 (edited 08-09-2007).]
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Red88FF
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AUG 09, 01:22 AM
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Housing and autos are way up over anything on an inflation scale, also INS costs I would think too. A GTO was not a bottom of the line car either. Everybody in my neighborhood had a stay at home mom back then, into the 70's too.
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