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re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/24/23 at 8:44 pm to pankReb
Posted on 5/24/23 at 8:44 pm to pankReb
quote:
Sure boomer…..this current inflation is totes normal and absolutely not the highest it’s been in over 40 years and showing to still climb.
And even if not…..you should still just stop complaining about it.
You couldn’t build a boomer in a lab that could come up with a more typical argument.
Boomers were your age when inflation in the late 70's hit and our gasoline was being rationed. And now you are lecturing them about inflation.
2
Posted on 5/24/23 at 8:58 pm to deeprig9
quote:He sure will but...
Boomers were your age when inflation in the late 70's hit and our gasoline was being rationed. And now you are lecturing them about inflation
quote:
By 1981, inflation had risen to 9.5%. The Federal Reserve combated inflation by increasing the federal funds rate, an overnight benchmark rate that banks charge each other. Continued hikes in the fed funds rate pushed mortgage rates to an all-time high of 18.45% in 1981.
at those who think they've had it tougher than generations past. 
Posted on 5/24/23 at 9:17 pm to deeprig9
quote:
Boomers were your age when inflation in the late 70's hit and our gasoline was being rationed. And now you are lecturing them about inflation.
quote:about 70k in 2023 dollars
The median money income of households in the United States rose to $15,060 in 1978,
New single family home price in 1978
quote:about 260k in 2023 dollars
55,700
quote:
Political Calculations' initial estimate of median household income in January 2023 is $80,440
quote:
In the third quarter of 2022, the median price of existing homes in the U.S. was 392,000 U.S. dollars,
quote:
The average sale price of new homes sold in the U.S. declined to $501,000, with the time-shifted trailing twelve-month average dipping below $527,500.
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