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re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 5:07 pm to Junky
Posted on 7/25/23 at 5:07 pm to Junky
Salaries are much higher now than they were in 1976.
There were inflation rates were in the late 70s and early 80s. What you are seeing now is nothing compared to what we saw under Jimmy Carter.
There were inflation rates were in the late 70s and early 80s. What you are seeing now is nothing compared to what we saw under Jimmy Carter.
3
Posted on 7/25/23 at 5:10 pm to doubleb
I’m confused on how you think this is a debatable topic. This isn’t about your feelings. The financial figures show you are straight up wrong.
Posted on 7/25/23 at 5:13 pm to doubleb
quote:
Salaries are much higher now than they were in 1976.
Salaries have increased at a much slower pace than home prices and car prices. In addition to this homes are bigger and more luxurious, cars have more technology, etc. Some things are cheaper today (inflation adjusted) such as appliances and electronics. There are also expenses today that didn’t exist then..such as internet and cellular service. Overall, the average person is worse off today than then in terms of purchasing power, but likely lives a more luxurious life.
Posted on 7/25/23 at 5:35 pm to doubleb
Seems like that’s a dumb exercise when there’s constant buying pressure in most markets
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