Quote:
Originally Posted by Sprintey
Franco incredible numbers for the price asked.
Yes, 17% (lets say 20%) on 50K was a very eye opening amount in 1980s dollars. That's 10,000. 5% on 834 is over 40,000 per year, each and every year. There's plenty of folks here who don't make 50K before tax.
How many years did the 17% go for before it fell? 2?
The 5% on the 834K goes on each year ad infinitum...
Back to cars, I see heaps of early 30's longboarder surfers with a relatively new, expensive Merc van. Say 50K or more, way more flash than my beat up surf wagon. But then I realise, it's their house
|
You have to factor that the average pay in 1980 might have been somewhere between 15-20k so 9-10k on a mortgage was a big bit of the paypacket