REVscene Automotive Forum - View Single Post

Jmac · 08-22-2018, 05:15 PM

My mom was telling me how they bought their first house in 1980 for $60,000 and my dad only made $29,000 and she only made about $10,000 and we shouldn't complain because mortgage rates are so low ...

$39,000/year in 1979 is equivalent to $130,000/year today according to Bank of Canada's inflation calculator ... and $60,000 is equivalent to $200,000 today ...

Yeah, I'm pretty sure if my SO and I made $130k/year combined (with no post secondary education) and were buying a $200k house, we'd have paid it off by now, regardless of interest rate.

Boomers, man ... they need to get their abacuses out before judging ...

08-22-2018, 05:15 PM	#12875
Jmac Willing to sell body for a few minutes on RS Join Date: Aug 2004 Location: Duncan, BC Posts: 10,128 Thanked 5,568 Times in 2,107 Posts Failed 231 Times in 90 Posts	My mom was telling me how they bought their first house in 1980 for $60,000 and my dad only made $29,000 and she only made about $10,000 and we shouldn't complain because mortgage rates are so low ... $39,000/year in 1979 is equivalent to $130,000/year today according to Bank of Canada's inflation calculator ... and $60,000 is equivalent to $200,000 today ... Yeah, I'm pretty sure if my SO and I made $130k/year combined (with no post secondary education) and were buying a $200k house, we'd have paid it off by now, regardless of interest rate. Boomers, man ... they need to get their abacuses out before judging ...