07-09-2008, 04:35 PM | #41 |
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No, they weren't. But this was in 1975.
My parent's first home, which the bought in 1961, was a 1600 sf place that cost $14,000. The mortgage payment was $175. They had to sacrifice in order to pay for it, because they were making close to $7,000 combined. If you feel I was being critical of your Dad and you, I apologize, because I wasn't. I was just trying to point out the relevance of a salary in a different time period. In the mid-70s, $25,000 could provide a comfortable living for a family.
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07-09-2008, 04:37 PM | #42 |
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07-09-2008, 04:38 PM | #43 |
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My dad built us a new house in 1969. He borrowed $10K. I remember being petrified at that huge number. I was sure that we wouldn't be able to pay it off and the police would put us in jail.
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07-09-2008, 04:39 PM | #44 | |
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The house my parents bought was two and a half times their income and was less square footage than your parents (<1200), in a small town. So that amount of money could have very well been more money than my parents. My parents certainly weren't rich, but what if your parents had lost that $7000 in income and took a dramatic dip. Hard times. |
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07-09-2008, 04:41 PM | #45 | |
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I've probably mentioned his before, but it never fails to make me laugh. My dad installed a toilet in his bedroom. As in, right in the corner of the room, no wall, no privacy curtain, no anything, is a toilet. Good times. He later took it out. |
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07-09-2008, 04:43 PM | #46 | |
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07-09-2008, 04:43 PM | #47 | |
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07-09-2008, 04:45 PM | #48 | |
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07-09-2008, 04:58 PM | #49 |
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07-09-2008, 05:00 PM | #50 |
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