Inflation

[over9k]

 

[over9k]

 

[over9k]

The video above is worth the 35 minutes. She absolutely hits the nail on the head with every single thing she states.

I've bought the book as a result.

 

[Jeda]

The video above is worth the 35 minutes. She absolutely hits the nail on the head with every single thing she states.

I've bought the book as a result.

In my day, we could only afford a cardboard box

 

[divs4ever]

yeah , life was so easy in the '70's

i bought a block of land back then and the mortgage was only 22.5% per year

imagine the squeals of despair if they had to pay 10% on a HOUSE mortgage nowdays

 

[over9k]

In my day, we could only afford a cardboard box

Jeez, yours was cardboard, we could only afford paper

 

[divs4ever]

Jeez, yours was cardboard, we could only afford paper

actually it was only a two-man hiking tent for a while , ( for me ) but then i migrated to a garden shed ,

but progress is a wonderful incentive

( tough times make hard folks )

 

[Value Collector]

yeah , life was so easy in the '70's

i bought a block of land back then and the mortgage was only 22.5% per year

imagine the squeals of despair if they had to pay 10% on a HOUSE mortgage nowdays

22.5% interest on something that is 4 times your wage is probably a lot better than 10% on something that is 10 times your wage.

Especially if the interest rates are 22.5% because of inflation which is also increasing your wages rapidly, vs wages that are stagnant.

They younger generations are facing all sorts of problems, I am not saying older generations didn’t also have problems to over come, it’s wrong to think things were harder in olden days just because interest rates were higher.

 

[BossMan.]

yeah , life was so easy in the '70's

i bought a block of land back then and the mortgage was only 22.5% per year

imagine the squeals of despair if they had to pay 10% on a HOUSE mortgage nowdays

Its an extremely flawed comparison, its comparing oranges and apples.