Posted on 08/17/2018 3:02:33 PM PDT by sodpoodle
My old man was a builder - the Carter years were terrible. In two years he built two homes! And I think the interest on the money he had borrowed for his big development was 18% or something. He hung on though, and did very well when the market came back and he finished the development.
He built his first home just out of college and before WWII. Then he got called up. He told me that after the war the profits he made on one house (even young he built nice homes) he could buy a Cadillac out-right. The old photo album showed lots of cool Cadillacs and Buicks.
“Now [late ‘70’s) I make enough profit to put a down-payment on a Chevy.”
It was nice to see having Caddies again when he retired. He would buy used ones down in Florida. Keep two down there and drive a third back north and use it for awhile. Then sell it up north, fly down, buy another one and repeat.
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