A small $25,000 house with a 13% mortgage rate. Driving there in her family car (one car shared by the whole family) that get 9 gpm and turns into a pile of rust by the time it gets to 80,000 miles. Oh and unemployment was 7.5% and minimum wage was $3.10 if you could even find a job
You need to do some math here because I think you’re trying to put out a “gotcha” moment but the math stills sucks. Last I checked minimum wage is what, $7.50 or something in the US? So even at. $3.10 an hour minimum wage, that $25,000 house would have been a fucking steal, even at 13% interest rate, hell make it 20% if you want. Cars were cheaper then too.
Not trying to pull a gotcha just pointing out there’s a lot of apples and oranges at play here. If you think life was a breeze back then you’re sadly mistaken.
Homie you are missing the point, no one is saying people didn’t have problems, what they are saying is in Relative AND absolute terms to now, things are both more expensive and people earn less.
We can look at statistics to prove this. Anecdotal evidence exists, but it doesn’t prove anything.
If you look at my original post I provided actual facts that I double checked before posting not anecdotal information. People downvote but haven’t tried to refute. They look for validation not information on the internet. There are good jobs out there now needing to be filled. Trust me the 70’s thru the 80’s were hard times, I lived through them.
A small $25,000 house with a 13% mortgage rate. Driving there in her family car (one car shared by the whole family) that get 9 gpm and turns into a pile of rust by the time it gets to 80,000 miles. Oh and unemployment was 7.5% and minimum wage was $3.10 if you could even find a job
You need to do some math here because I think you’re trying to put out a “gotcha” moment but the math stills sucks. Last I checked minimum wage is what, $7.50 or something in the US? So even at. $3.10 an hour minimum wage, that $25,000 house would have been a fucking steal, even at 13% interest rate, hell make it 20% if you want. Cars were cheaper then too.
Not trying to pull a gotcha just pointing out there’s a lot of apples and oranges at play here. If you think life was a breeze back then you’re sadly mistaken.
the easiest part of living back then is i didn’t have to do it
Relatively, it fucking was a breeze in terms of cost of living. Of course there were social, technological and other issues, no one disputes that.
My family sat around and stripped copper to make ends meet
Homie you are missing the point, no one is saying people didn’t have problems, what they are saying is in Relative AND absolute terms to now, things are both more expensive and people earn less.
We can look at statistics to prove this. Anecdotal evidence exists, but it doesn’t prove anything.
If you look at my original post I provided actual facts that I double checked before posting not anecdotal information. People downvote but haven’t tried to refute. They look for validation not information on the internet. There are good jobs out there now needing to be filled. Trust me the 70’s thru the 80’s were hard times, I lived through them.
My family only has one car to share now…
… I have a scooter.
Sick can I ride it some time?
Mine too but most don’t