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Got Goldies
08-19-2010, 12:58 PM
My mother told me she bought her CALIF house in the mid 60's for $19,000 and her house payment was $200 a month. She was making $900 every two weeks as a secretary. That is the sweetest deal of a lifetime.

What is wrong with the USA?

doobsta
08-19-2010, 01:41 PM
massive inflation for one...
Huge Deficits for #2

Higher and higher taxes for #3

Hugely reduced take home NET pay checks for #4


19K with 2400 a year house payments is very very doable.....income taxes are low, house payment is low, cost of food was joke...gas was a joke.


people think they are better off today cause they make double or triple the salary...don't they know they are paying MUCH MUCH higher taxes and the purchasing power has been halved or more since?

Got Goldies
08-19-2010, 01:47 PM
I still make $1800 a month and house payment is $1500? Its going to crash. We are at the precipice.

asusenior
08-19-2010, 05:30 PM
I looked in a 1963 Washington Post paper and typical houses were $15 to 20k. The most expensive house was probably around 40k. Today houses in the area average 400-500k and they hadn't come down much since the top.

Pitcom
08-19-2010, 05:54 PM
My mother told me she bought her CALIF house in the mid 60's for $19,000 and her house payment was $200 a month. She was making $900 every two weeks as a secretary. That is the sweetest deal of a lifetime.

What is wrong with the USA?

That's amazing, considering the average salary in 1965 was 6450.00/yr.

That would mean your mom was making over 23,000/yr as a secretary.

Until 1963 the average woman worker made 59% of what a man did in the same job.

Here an interesting figure..
1965
Average Salary
Secretary: $5,678 (National Secretaries Association membership survey).

I would ask your mom, what exactly it is that she did, where she was able to earn such an enormous amount of money for being a secretary. That's the real story to your post.

scallywag
08-19-2010, 06:08 PM
That's amazing, considering the average salary in 1965 was 6450.00/yr.

That would mean your mom was making over 23,000/yr as a secretary.

Until 1963 the average woman worker made 59% of what a man did in the same job.

Here an interesting figure..
1965
Average Salary
Secretary: $5,678 (National Secretaries Association membership survey).

I would ask your mom, what exactly it is that she did, where she was able to earn such an enormous amount of money for being a secretary. That's the real story to your post.

maybe she was involved in special, non secretarial, services to boost income., you know as a sideline, whatever it was it sure was lucrative

Got Goldies
08-19-2010, 06:37 PM
That's amazing, considering the average salary in 1965 was 6450.00/yr.

That would mean your mom was making over 23,000/yr as a secretary.

Until 1963 the average woman worker made 59% of what a man did in the same job.

Here an interesting figure..
1965
Average Salary
Secretary: $5,678 (National Secretaries Association membership survey).

I would ask your mom, what exactly it is that she did, where she was able to earn such an enormous amount of money for being a secretary. That's the real story to your post.


She worked for big time utility lawyers who paid good. She just cashed out 40K on her pension. She took a payout before 70.
I can assure you that wages were high.

She bought in like 1967. Prime r/e in San Gabriel Valley near Walnut, CALIF.. Walnut wasn't even there.




EDIT: she was making $15 an hour supporting 2 kids by herself.

Nobody you know will get the same deal today.

Today that same home of hers go for 350K. $2500 a month?

Average secretary job is $15.

Prepare for r/e crash.

I'd be looking to cash out my house in Calif, pronto~!

Pitcom
08-19-2010, 06:55 PM
She worked for big time utility lawyers who paid good. She just cashed out 40K on her pension. She took a payout before 70.
I can assure you that wages were high.

She bought in like 1967. Prime r/e in San Gabriel Valley near Walnut, CALIF.. Walnut wasn't even there.




EDIT: she was making $15 an hour supporting 2 kids by herself.

Nobody you know will get the same deal today.

Today that same home of hers go for 350K. $2500 a month?

Average secretary job is $15.

Prepare for r/e crash.

I'd be looking to cash out my house in Calif, pronto~!

Awesome bro. That was a killer salary back then.

Got Goldies
08-19-2010, 07:02 PM
Awesome bro. That was a killer salary back then.

Utility companies in the 70's were no joke. They made billions on electricity. Monopoly.

joethebummer
08-19-2010, 07:19 PM
reminds me of this (from ascent of money)

9:10 http://www.pbs.org/wnet/ascentofmoney/featured/the-ascent-of-money-episode-4-planet-finance/102/


http://imgur.com/1grES.jpg

Got Goldies
08-19-2010, 10:03 PM
reminds me of this (from ascent of money)

9:10 http://www.pbs.org/wnet/ascentofmoney/featured/the-ascent-of-money-episode-4-planet-finance/102/


http://imgur.com/1grES.jpg

That is a prime example of overpriced. 4800 Silver Dollars? No more than $500.

joethebummer
08-19-2010, 10:32 PM
That is a prime example of overpriced. 4800 Silver Dollars? No more than $500.

at spot of $20 that 96,000. about $20,000 down and $540 in morgage. i think its perfectly priced

Got Goldies
08-19-2010, 11:06 PM
at spot of $20 that 96,000. about $20,000 down and $540 in morgage. i think its perfectly priced

You can pay that. I will not give up 4600 Silver Dollars for any property. I don't even have that much.

joethebummer
08-19-2010, 11:16 PM
You can pay that. I will not give up 4600 Silver Dollars for any property. I don't even have that much.

how awesome would it be though to show up with a pickup truck with 9 monster boxes in the back.. unload and pickup the keys..paid!

Got Goldies
08-19-2010, 11:18 PM
how awesome would it be though to show up with a pickup truck with 9 monster boxes in the back.. unload and pickup the keys..paid!

I only got 500 oz of Silver for that house. Take it or leave it. Times are not what they used to be, buddy. Thanks for the PBS video.

joethebummer
08-19-2010, 11:23 PM
I only got 500 oz of Silver for that house. Take it or leave it. Times are not what they used to be, buddy. Thanks for the PBS video.

ill give you my house of cards for 500 oz of silver haha

you havent seen the ascent of money series yet? its a really good..4 hours worth. good stuff

good to have you back on here GG!

II DALTON II
08-20-2010, 05:53 AM
reminds me of this (from ascent of money)

9:10 http://www.pbs.org/wnet/ascentofmoney/featured/the-ascent-of-money-episode-4-planet-finance/102/


http://imgur.com/1grES.jpg

Damn... If homes returned to those prices I would go straight out and buy 2 or 3 lol. Pick my favourite to live in and rent the other one/two. How easy life would be eh?

bsaxberg
08-20-2010, 06:47 AM
If prices go back to that level, everything has to go back to that level. Wages/Taxes/Commodities (Food,Silver,Gold).

Assets are only worth what people are willing to pay for them or at what price point they are willing to sell them (and find a sucker..er buyer). In the quickly coming time, if an asset doesn't have utility value (tools etc) it may see it's nominal value go down quite quickly.

JMHO

AntiSpin
08-20-2010, 11:29 AM
Well I'm old enough to remember working in the 60s, and to remember what I was paid.

I worked as a newspaper reporter in New York City for $300/month, and as an airframe modification mechanic at LAX for $320/month.

Of course, gasoline was $0.25/gallon, and I could rent an apartment, right on the beach in Manhattan Beach, Ca, for $75/month.

And I was having a ball!

MoMoney
08-20-2010, 03:33 PM
Another thing that has changed too since the 1960's-1970's aside from the cost of living is this;
my dad and my father-in-law were able to get away with things from a legal standpoint back then than ANY of us are able to now.
The laws are much tighter now (drinking and driving, speeding, open containers in the car, infidelities, etc.)

I am not saying which is right or wrong but just pointing out an observation. There's more "policing" now.;)
I tremble if I forget to put my seat-belt on or my running lights when I drive!

(Disclaimer: I hope my opinion did not incite, be-little or inflame anyone in a real way or in a nuance-way as that is not my intention with this post.):o