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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 1:36 pm to Darth_Vader
Posted on 4/22/19 at 1:36 pm to Darth_Vader
quote:
And what was his interest rate and down payment?
Between 9-12%, most likely.
Down payment was probably 20%.
0
Posted on 4/22/19 at 1:37 pm to Evolved Simian
quote:
What the frick do you think the OP is about, dumbass?
Ok, good day to you as well.
Posted on 4/22/19 at 1:38 pm to Evolved Simian
Big credit.
Posted on 4/22/19 at 1:40 pm to fallguy_1978
quote:
That's the thing about retirement. You don't know how much things will cost, you don't know if you will get SS or how much and you don't know how long you are going to live. It's just a guesstimate
Totally Agree. I dont plan on retiring anytime soon
but will probably kick the bucket a month after i do
Posted on 4/22/19 at 1:41 pm to phutureisyic
quote:
I remember when a nicklebag was $5.
And a quarter ounce was 25.
Posted on 4/22/19 at 1:45 pm to FLObserver
Gas was 69 cents a gallon in just 1999
Posted on 4/22/19 at 1:46 pm to jimbeam
quote:I remember when I bought the island of Manhattan from the Lenape indians for about $1000 in the 1600s
I once bought a pound of chocolate for $0.35 in 1885
Posted on 4/22/19 at 1:48 pm to FLObserver
quote:
Thats the scary part. The wages are not nearly keeping up with inflation.
Real median wages, depending on the time frame, have actually gone up.
Unfortunately, they haven't kept up with median housing prices. Median house price is 5.1x median income today. It was 3.5x median income in 1984.
Posted on 4/22/19 at 1:49 pm to FLObserver
I got a pair of custom cowboy boots that were purchased for $970 in 1975. In today’s dollars that’s about $4,600 dollars, and that doesn’t take into account you can no longer purchase the material anymore. (Anteater hide).
Posted on 4/22/19 at 1:53 pm to FLObserver
Min wage was 1.60, which is about 9 bucks today.
Posted on 4/22/19 at 1:58 pm to RogerTheShrubber
But 9 bucks in 1973 would buy you a house in 2019.
Posted on 4/22/19 at 2:04 pm to FLObserver
quote:
now for my family its about 200 a week. T
How big is your family and what are you buying?
I have a family of four and we spend about $500 a month on groceries. We aren't eating steak every night but we aren't eating ramen, ever.
Posted on 4/22/19 at 2:06 pm to fallguy_1978
quote:
My dad paid 48k for our first house in the late 70s
I could have bought a house on Capitol heights for 43k in the 90s
quote:
I remember when a nicklebag was $5
And a lid was $100
This post was edited on 4/22/19 at 2:09 pm
Posted on 4/22/19 at 2:07 pm to fallguy_1978
My folks bought their current house in 1973 for $15K.
Posted on 4/22/19 at 2:10 pm to eScott
quote:
I could have bought a house on Capitol heights for 43k in the 90s
Sounds like you missed out on a decent opportunity. The lot is probably worth a lot more than that now.
Posted on 4/22/19 at 2:11 pm to fallguy_1978
another small kink in the "my parents bought a house for $##k in the 1970/80's" is houses were drastically smaller back then as well.
Posted on 4/22/19 at 2:12 pm to LSUFanHouston
quote:
How big is your family and what are you buying?
I have a family of four and we spend about $500 a month on groceries. We aren't eating steak every night but we aren't eating ramen, ever.
We spend $150 a week for a family of 3. Probably a couple hundred more per month eating out.
Posted on 4/22/19 at 2:12 pm to fallguy_1978
I think lots are going for 120k. I live right down the street from it now and pass it every day with a tear in my eye.
Posted on 4/22/19 at 2:15 pm to Klark Kent
quote:
another small kink in the "my parents bought a house for $##k in the 1970/80's" is houses were drastically smaller back then as well.
And much better built for the most part. But everyone has to have a 2900 ft DR Horton McMansion for their family of 3 now
Posted on 4/22/19 at 2:18 pm to Pandy Fackler
quote:
And a quarter ounce was 25.
$25? We bought ounces for $30. It was brown but it did the trick back then.
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