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To: Mikey_1962

In '65 a new car ran about $3500, now $35,000. Houses have made almost the same jump.


15 posted on 10/20/2006 9:36:38 AM PDT by B4Ranch (Illegal immigration Control and US Border Security - The jobs George W. Bush refuses to do.)
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To: B4Ranch
In '65 a new car ran about $3500, now $35,000.

In 1965 you could buy a decent, basic car for $3500.

A decent, basic car today goes for $18000 not $35000.

Get serious.

21 posted on 10/20/2006 10:13:43 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: B4Ranch

In 1965 a computer capable of managing the launch of a satellite cost $10,000,000, today I can get the same processing power in a $2.00 calculator, and it is solar powered as well.

That is why you have to consider a range of products when calculating inflation...


58 posted on 10/20/2006 12:06:22 PM PDT by 3Lean
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To: B4Ranch
In '65 a new car ran about $3500, now $35,000. Houses have made almost the same jump.

Yes, but without adjusting those prices for inflation, your comparison is meaningless. Everything cost less in 1965, because each dollar was worth more.

The more accurate question is: When adjusted for inflation, what is the cost of the equivalent/comparable vehicle? Even that's not entirely fair, since today's vehicles are better quality, safer, cleaner, more economical and last longer.

62 posted on 10/20/2006 12:41:48 PM PDT by TChris (The United Nations is suffering from delusions of relevance.)
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