and yet new construction on staten island is laughable. One family for 600k and up.
Pretty soon will be forced to move even with very good income to a place where my skills will get 10 an hour instead of 35
Thirty five an hour sounds good still but it is only $72800 if you are paid for forty hours a week for every week of the year. Adjusted for inflation it is far LESS than the $7700 a year salary I earned back in 1970 as a twenty six year old high school grad with a Navy electronics certificate. A really nice house in the Carolinas back then cost about one twentieth of what you are quoting on Staten Island now. I know of one twenty seven year old fresh from college with a degree in banking, finance and real estate who was hired at a starting salary of nine thousand plus company car, expense account and other fantastic benefits in Columbia, South Carolina in 1971. That was worth far, far more than thirty five an hour now. I overheard a conversation last week between two men in the automobile business about plans to hire college graduates who will buy used cars on line and be paid ten dollars an hour. That is nowhere close to the value of the 1963 minimum wage of $1.25 an hour.
As Grandpa would have said, “Iffen this here ain’t no depression I shore ain’t got a notion what it is.”