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Originally Posted by jaybo12
Regardless of neighborhood, median home price in 80 (when I was born) was around 65k. Median home price as of January of 09, with the steep decline of the market, is about 200k.
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Yeah, and the avg salary was $19.5K...it is now $41K. So house prices escalated at near the same rate as salary. So what is the point again? So the avg house cost 4 times your salary in 1980, to date it is 5 times your salary...how is that a HUGE unfair leap in nearly 3 decades, seems pretty flat to me??
Again, stop the BS excuses for why people can't live by their funds.
Some other 1980 stats btw:
Yearly Inflation Rate USA
13.58%
Year End Close Dow Jones Industrial Average 963
Interest Rates Year End Federal Reserve
21.50%
Average Cost of new house
$68,700.00....avg today $164,000
Average Income per year
$19,500.00.....avg today $41,000
Average Monthly Rent $300.00
Cost of a gallon of
Gas $1.19
Average cost new car $7,200.00
Mens Casual Shirt $14.00