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KharmaTrain

(31,706 posts)

24. ...And Gas Was 1.00 A Gallon...

Reply to friendlyFRIEND (Original post)

Wed Jul 10, 2013, 07:51 AM

Jul 2013

...I was in my 30s and bought my first house in 1987 for less than $60k but with a mortgage at 10.25%. Today my mortgage is at 3.25%.

The ugly truth is the average income has been declining since 1973 when a nice home cost $40gs, a car for $5gs and a gallon of gas was 37 cents. My first year at college cost $1,200...that's about 3 credit hours today...

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It's 1987 I'm a twenty-something dreaming of a six figure income [View all] friendlyFRIEND Jul 2013 OP

Speak for yourself, I was 24 in '87 Motown_Johnny Jul 2013 #1

oh sorry johnny... friendlyFRIEND Jul 2013 #2

I'm thinking you completely missed the point of the op. Warren Stupidity Jul 2013 #3

Oh no, I get it Motown_Johnny Jul 2013 #7

Yep, completely missed the point. jeff47 Jul 2013 #18

Yes, I agree. (nt) enough Jul 2013 #12

I think you missed the point ArcticFox Jul 2013 #5

That was a fail... Agschmid Jul 2013 #6

Angry much. You absolutely missed the point. Dawgs Jul 2013 #14

And by the mid 90's you were on the way.... orpupilofnature57 Jul 2013 #4

when Bill Clinton hopped on the helicopter friendlyFRIEND Jul 2013 #8

+1 Dawson Leery Jul 2013 #9

Oh and I paid $1000/year tuition friendlyFRIEND Jul 2013 #10

Turn on PBS and watch Two American Families malaise Jul 2013 #11

After all these trade agreements are signed, sealed and delivered by our esteemed elected leaders, avaistheone1 Jul 2013 #13

I mostly blame GWOT and the housing bubble. nt friendlyFRIEND Jul 2013 #15

What job did you have in 1987? Do you have a degree? n/t taught_me_patience Jul 2013 #16

I didn't have a degree at the time. friendlyFRIEND Jul 2013 #17

Non-degree jobs really have not kept up with inflation taught_me_patience Jul 2013 #19

Sounds like you guys were unmercifully beating the hell out of the pinata NoOneMan Jul 2013 #20

lol I'm not sure if you're smacking me upside the head friendlyFRIEND Jul 2013 #21

I think you want to be pointing that finger the other way... MattSh Jul 2013 #23

I was a 20 something with the Corvette.. Historic NY Jul 2013 #22

...And Gas Was 1.00 A Gallon... KharmaTrain Jul 2013 #24