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re: interest rates on home mortgages wont fall anytime soon

Posted on 7/25/23 at 4:44 pm to
Posted by Sun God
Member since Jul 2009
44874 posts
Posted on 7/25/23 at 4:44 pm to
quote:

a new car was something like $20k in '81

What kind of vehicle?

Parent’s Z28 in early 80s cost half that

My Pawpaw’s Silverado Z71 cost 22 grand in 1993
This post was edited on 7/25/23 at 4:52 pm
Posted by Dawgfanman
Member since Jun 2015
22669 posts
Posted on 7/25/23 at 4:45 pm to
quote:

a new car was something like $20k in '81 What kind of vehicle?


From Google:
New Nissan Stanza, Datsun: $19,807.43
New Dodge Colt: $18,366.35
New Volkswagen Rabbit, Diesel: $22,224.05
Used 1979 Pontiac Trans Am: $23,718.51
Used 1978 Buick Regal: $17,189.17
Used 1977 Pontiac Bonneville: $11,857.77
Posted by Ricardo
Member since Sep 2016
4926 posts
Posted on 7/25/23 at 4:57 pm to
quote:

What kind of vehicle?


I have to correct myself. It was indeed much less for a new car. We just didn't buy them, so I guess it was my bias.

We bought used cars for the 80s and 90s. It wasn't until the 00s that I bought a new car.

My bias was showing there. After having checked, it was like $7-8k for a new car.
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