Quote:
Originally Posted by tophcfa
Unbelievable, I paid $250 for my first car (a used VW Bug) and $79K for my first house (a 3 bed 1 bath ranch on an acre of land). Inflation is running at a scary pace these days. We need somebody with a set of stones to run the Federal Reserve, like Paul Volcker, to prevent this situation from running completely out of control.
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Hum the good old days. I too bought a used VW a 1964. It had 40,000 miles on it. A tune up you could do it with a book of matches as a feeler gauge. After driving it for another 100,000 miles there was not much left but I got $15O for it from some guy that turned it into a dune buggy.
Home, we bought a 3 bedroom BATH AND A HALF at $55000.
In my garage, I have coffee cans filled with screws etc. They were a full pound and still marked ninety eight cents.
We tend to forget what we were earning. I'm sure my back did not hurt and the guy looking back at me in the mirror looked far younger.