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Re: 1954 . . . Inflation.

By: Fiz in 6TH POPE | Recommend this post (0)
Sat, 30 Jul 22 12:58 AM | 34 view(s)
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Msg. 34146 of 60008
(This msg. is a reply to 34141 by Decomposed)

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People buy on affordability of "payments". So, you will also notice that interest rates have had to go down, down, down since the early 1980s.

I think that is just another piece of evidence that the rules of "investing" may be destined to change.


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The above is a reply to the following message:
Re: 1954 . . . Inflation.
By: Decomposed
in 6TH POPE
Fri, 29 Jul 22 10:55 PM
Msg. 34141 of 60008

Zimbler0:

Re: “Back in 1969, Mom and Dad bought their house for $13,900.”
Putting that in perspective, back then $13,900 was about 18 months of an average person's salary. Today, the average person makes less than $60,000.

So, it's not just that prices have skyrocketed. It's also that salaries have not kept up.






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