- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 4:48 pm to Bayou_Tiger_225
Posted on 7/25/23 at 4:48 pm to Bayou_Tiger_225
quote:
How much did you pay for that home in 1981? Let’s get those numbers to determine who is actually blessed. Imma go out on a limb and say it isn’t who you think it is.
Ya’ll were blaming me for interest rates not the cost of homes.
I paid $346.00 for a 19” RCA XL 100 in 1973.
Paid on time. It took me two years. What can you get for 346 dollars now?
I built the 82 home myself so I saved money.
My starter home was $36,600.00. 1600 square feet with a nice yard. I did my own landscaping. I didn’t have cable, internet connection, fire alarm system, security system, and all the amenities available now.
Sure a 1600 square foot home would cost way more than that now, but salaries are much higher now.
2
Posted on 7/25/23 at 4:54 pm to doubleb
quote:
but salaries are much higher now.
They are not. Wages are always behind. Which is what everyone is banging into this thread.
Basically this:
Or a few more sources:
I don’t like millennials bitching, but here they have a point. Wages are stagnant and have been for some time.
This post was edited on 7/25/23 at 4:59 pm
Posted on 7/25/23 at 5:03 pm to doubleb
quote:In todays dollars that is 117K. With a 12% interest rate that puts the mortgage payment at $1200.
My starter home was $36,600.00.
“But you’re the blessed one”
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News