Yes, inflation was rampant in the 1970's. I was fortunate: A house that I purchased for $26K in 1969 sold in 1975 for $40k, and the house that I bought in 1975 for $42k sold 5 years later for $83k. That "profit" enabled me to have a house built in NC with little increase in my mortgage payments - and the same inflation continued through 1993 when that same house sold for $135k. It was a great "boom" for housing prices, and well before the advent of "creative" mortgage derivatives.
During that same period, the price of gasoline went from $0.35 per gallon to well over $1.50. I don't recall my salary increases during that period, but the general expectations were as Ron has recounted. It was a time of economic turbulence, but unlike the economic downturn we have had recently where many jobs have been slashed -- most people kept their jobs during that 1970/80s turmoil. 73, Don W3FPR On 6/13/2011 11:06 PM, Ron D'Eau Claire wrote: > On reflection, I mis-spoke. Inflation in the USA topped 15% during the 70's, > hitting nearly 20% some years. > > Ron AC7AC > ______________________________________________________________ Elecraft mailing list Home: http://mailman.qth.net/mailman/listinfo/elecraft Help: http://mailman.qth.net/mmfaq.htm Post: mailto:[email protected] This list hosted by: http://www.qsl.net Please help support this email list: http://www.qsl.net/donate.html
