“ I remember MORTGAGE rates of near 18% in the early Reagan years.
Tell me again about how current credit card rates are worse than that.”
Reagan years. What?
My parents house was 82k in the Reagan years when they downsized. Taxes in that hood were 5k per year. Now the house is 1-5 mil. Taxes 20 k per year. What does the interest rate matter? They had mortgage insurance. When my father died my mother owned the hose. Boom.
I paid $4k for my entire science degree. That school is 40k tuition now
$800 for a VW bug then 3 k for a nice Japanese car that got me around for the next 5 years. Cash
The apartment I had in Manhattan was 200 per month
I saved a boatload of money. Bout this house for a quarter of what it’s worth now
My friends’ kids are all paying 450 k for crap houses. Everyone works. I stayed home with my kids
These grammar school
Aged kids and the toddlers all have a 1,000 yard stare. No one’s there for them. Moms work. Law school. Med school. No school trade school military. All of them
My first house I bought in 1974. Brand new 2 bedroom ranch with a garage underneath on 2 acres, $24k. My payment was $84 a month through FHA. It doubled in 1976 and we sold because we couldn’t afford it.