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re: Monthly mortgage payment based on a median existing home is now at a record $2,322
Posted on 8/24/23 at 11:59 am to tigerfoot
Posted on 8/24/23 at 11:59 am to tigerfoot
quote:
Of course it has. It sucked, but it will correct. You just need to not be in overwhelming debt when it does.
This and the biggest difference between now and the 80s is everyone’s standard of living they’re accustomed to and what it costs to maintain that.
1985- Tv with 3 channels. Tv breaks you fix it. VCR and rent a movie on weekends.
2023- 4 flatscreen HD TVs, cable package, 5 different streaming services. 150 or more a month. Tv breaks you spend 1500 replacing it.
1985- appliance breaks you fix it. 2023 throw it away, finance a new one.
1985- no internet 2023 high speed internet access, 80 or more a month.
1985- 1 landline phone, local calls only. 2023 everyone in family has 1200 dollar smartphone on payment plan, unlimited data plan, etc. hundreds of dollars a month.
You get my point
5
Posted on 8/24/23 at 12:01 pm to deltaland
quote:
1985- no internet 2023 high speed internet access, 80 or more a month. 1985- 1 landline phone, local calls only. 2023 everyone in family has 1200 dollar smartphone on payment plan, unlimited data plan, etc. hundreds of dollars a month.
This is the biggest boomer tell on this website
Posted on 8/24/23 at 12:01 pm to deltaland
quote:
2023- 4 flatscreen HD TVs, cable package, 5 different streaming services. 150 or more a month. Tv breaks you spend 1500 replacing it.
I've got one TV. A few streaming services but nothing totalling more than $50 a month.
quote:
1985- appliance breaks you fix it. 2023 throw it away, finance a new one.
Cost more to repair the appliance than to replace it.
quote:
1985- 1 landline phone, local calls only. 2023 everyone in family has 1200 dollar smartphone on payment plan, unlimited data plan, etc. hundreds of dollars a month.
Two phones both paid off. $80 a month.
Get my point?
Posted on 8/24/23 at 12:03 pm to deltaland
The guy who grew up in the 40s is calling you spoiled because all he needed for entertainment was a single radio for the entire house.
Posted on 8/24/23 at 12:06 pm to deltaland
quote:
1985- Tv with 3 channels. Tv breaks you fix it. VCR and rent a movie on weekends.
2023- 4 flatscreen HD TVs, cable package, 5 different streaming services. 150 or more a month. Tv breaks you spend 1500 replacing it.
$1,500 in 2023 to replace a TV is about the same as 1985 when adjusting for inflation.
Posted on 8/24/23 at 12:11 pm to deltaland
quote:
1985- Tv with 3 channels. Tv breaks you fix it. VCR and rent a movie on weekends.
2023- 4 flatscreen HD TVs, cable package, 5 different streaming services. 150 or more a month. Tv breaks you spend 1500 replacing it.
TV's are way cheaper now than in the 80s
a 24" tv cost $500 in the 80s. I can buy a 58" at cost for less than $500
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