Americans who locked in a job, a home, and stocks are thriving. Everyone else missed out on their ticket to wealth.

[desihawk]

likely i’m totally off but this may be the first thread in recent times with a centrist vibe to it

 

[dekhawk]

And you paid how much for a house? 60K?

Yes, and my salary was $22k.

 

[Hawki97]

Phuck them kids.



Amiright?

 

[goldmom]

And you paid how much for a house? 60K?

1980. Southern California. A nice neighborhood in Orange County. $125,000. That was a lot of money back then but thank heavens we had just sold our house in northern New Jersey which was another expensive market. But a 12.5% interest rate on our mortgage was still expensive. Especially if my husband’s salary was maybe $35,000 IIRC. Other expenses that people have today didn’t exist then. No cable bill or Internet or computers. No cell phones. No Starbucks.
I looked up that house on Zillow recently. $1.6 million. For a 3/2 1700 square foot house.
Insane.

 

[SI_NYC]

My first home mortgage was 10.5% 35 years ago.

When I was a young kid my parents’ mortgage rate was around 14%.

 

[SI_NYC]

1980. Southern California. A nice neighborhood in Orange County. $125,000. That was a lot of money back then but thank heavens we had just sold our house in northern New Jersey which was another expensive market. But a 12.5% interest rate on our mortgage was still expensive. Especially if my husband’s salary was maybe $35,000 IIRC. Other expenses that people have today didn’t exist then. No cable bill or Internet or computers. No cell phones. No Starbucks.
I looked up that house on Zillow recently. $1.6 million. For a 3/2 1700 square foot house.
Insane.

What town were you in in NJ?