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re: A $4.03 hourly wage in 1973 had the same purchasing power that $23.68 would last year.
Posted on 4/22/19 at 1:35 pm to fallguy_1978
Posted on 4/22/19 at 1:35 pm to fallguy_1978
quote:my grandfather paid roughly $70K for the house I grew up in. He bought it in 1979. He showed up with a bag of money. The builder didn't know what to do. As the story was told to me, my grandfather told the builder, "well...I give you the money and you give me the deed. It's pretty simple."
My dad paid 48k for our first house in the late 70s
1
Posted on 4/22/19 at 8:35 pm to Rouge
quote:
grandfather paid roughly $70K for the house I grew up in. He bought it in 1979. He showed up with a bag of money. The builder didn't know what to do. As the story was told to me, my grandfather told the builder, "well...I give you the money and you give me the deed. It's pretty simple."
Our family sold an apt complex we had in Arkansas and my dad when he bought his house 3 years ago took a portion of his cut from the sale (50k that he cashed and had in a safe) for the down payment.
Needless to say today when you walk into a bank with 50k cash it doesn’t go over too well.
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