XPost: alt.politics.trump, alt.fan.rush-limbaugh, talk.politics.guns   
   XPost: sac.politics, alt.home.repair   
   From: esp@snet.n   
      
   On 9/11/2024 10:06 PM, Ralph Mowery wrote:   
   > In article ,   
   > governor.swill@gmail.com says...   
   >>   
   >> Now you know why one guy can't support three kids and buy a house.   
   >>   
   >>   
   >>   
   >   
   > Part of that is the younger people want too much.  Those 3 kids have   
   > smart phones. People have almost new cars that take 7 years to pay  off   
   > instead of 3 years .  Homes are much larger on average so they cost   
   > more. Much nicer too.  Internet and cable TV .  Lots more things to   
   > spend money onthat were not around years ago.  Most homes have AC and   
   > central heat.   
      
      
   That is part of it but other factors come into play.   
      
   I was 20 years old and bought my first house in 1966.  I had a decent   
   job, bought a house , had a used car, got married.  If you use the CPI   
   inflation calculator the wage I made in 1966 would be 10X that in 2024,   
   assuming the same job.  I checked with Zillow and that house today would   
   sell for 18.5X what I paid back them.   
      
   Yes, there are the factors you mention,but housing itself is   
   considerably higher before you add the extra.  Near as I can tell,   
   renting has gone up similar.   
      
   Second house I bought in 1981 has also increased more than the CPI index   
   by an additional 130,000.   
      
   The house I bought in late 2018 has increased about $60,000 above the   
   CPI index   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)