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In reply to the discussion: NPR got it wrong(?): [View all]radical noodle
(10,461 posts)35. I get so tired of the "boomers had it good" mantra
My first good-paying job was a $70 a week salary. I think by the time I got that 16% mortgage I was making about $125 a week, a huge jump but not enough for a 16% mortgage. It was a struggle.
Our first TV was a used black and white with a tiny screen that cost $25, and we had to make payments to afford it. $5 a week. We built our first "sofa" out of 2x4s and scrap plywood and covered it with an old blanket. That was 1965.
Ah, the good old days....
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We bought a house on contract in 1980..12% interest and everyone thought we were the luckiest
Peacetrain
Thursday
#31
And what is made available likely modified to show the economy as better than it is.
Lonestarblue
Thursday
#28
I agree. I turned them off for good on the morning of the empathy discussion featuring Elmo Mucks/Rogan interview.
littlemissmartypants
Dec 10
#10
We got 9.9% as a special first time home buyers deal in 1984. House and 2.5 acres was 44,000. Going rate was 12%
Evolve Dammit
Dec 10
#3
Back in the early 90's, our first mortgage was 8.3% and we thought we were doing stellar!
paleotn
Dec 10
#8
Morning Edition and ATC have been soft-balling Republicans for as long as I've been listening.
Orrex
Dec 10
#7
The official U.S. inflation data: peak inflation was 14.6% in March and April of 1980
progree
Dec 10
#20
Yeah, all they would have had to do was say "record since 1980" and it would have been accurate.
soldierant
Dec 10
#21
This is what I always say when earlier generations whine about how good boomers had it?
Betty Boom
Thursday
#27
NPR got an endowment level donation from the Kroc (McDonald's) family in 2003
librechik
Thursday
#32