my folks bought their house, 1500 ish square feet, with what used to be a blacksmith shop out back (big block structure) for 28k in the 70s. they picked up the neighboring property that has 2 houses on it in the 80s for 36k. I bought my house across the street, 1500ish square feet, built in the same timeframe, same style for 92k. they paid 30k less for 3 houses on two properties times do change
On Wed, Jul 19, 2017 at 9:49 AM, Adam Moffett <[email protected]> wrote: > My house was $70k. It's a 1500 sq ft cape. > It was a real piece of crap when I bought it, but in good condition in > this neighborhood it would be $120-130k. > > The same house in Brooklyn would be three quarters of a million no matter > how crappy it was. > > It's all about where you're looking. I have no idea what things were like > in the 70's, but surely it was still "location, location, location". Or no? > > > ------ Original Message ------ > From: "Cameron Crum" <[email protected]> > To: "[email protected]" <[email protected]> > Sent: 7/19/2017 10:24:41 AM > Subject: Re: [AFMUG] OT wages > > Wages across the board have not kept up with inflation. There seemed to be > a point in the mid to late 90's where wages just sort of stagnated, but > COL,COG, real estate, etc. kept rising. I remember my father made about > $55k a year as an aerospace engineer back in the late 70s. Our house cost > $75k. Same house now sells for over $350k but I'd bet the people living in > it don't make somewhere near $260k. Real estate just seems unobtainable for > young families unless you are willing to put a lot of work into a place. > And I live in TX where housing is supposed to be reasonable. I can't > imagine what it's like in the NE or in CA. I know what my brother paid for > his place in the bay area and it ain't nothing special. About the same size > as my place in TX but more than 5x on cost. I fear my kids will never be > able to afford real estate unless they become hedge fund managers. > > On Tue, Jul 18, 2017 at 9:08 PM, Steve Jones <[email protected]> > wrote: > >> MIT just announced "audit" ... this is a big deal >> Your boy will do fine, who needs buying power when your dad has paydays >> (you still have paydays?) >> >> On Tue, Jul 18, 2017 at 7:07 PM, Chuck McCown <[email protected]> wrote: >> >>> One of my son’s finished his college education today. He “graduated” a >>> few months back, but had some classes to finish. And part way through the >>> summer semester he discovered he still needed one more. It was RF design. >>> And it was being taught at the same time as another class he needed. >>> >>> He got special permission, started two weeks late, never went to a >>> single lecture or class and still got a B. >>> >>> The kid spent part of his youth on my far-field antenna test range. He >>> certainly knew plenty of RF. >>> >>> He is going back to the same department at Hill Airforce Base where he >>> interned last summer. GS7 >>> >>> About the same pay as I got 30 years ago when leaving college. >>> Seems sad that they have so much less buying power than I did. >>> >> >> >
