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Politics : View from the Center and Left

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To: Steve Lokness who wrote (257850)	8/8/2014 6:35:35 PM
From: Wharf Rat	of 541622

I bought my house in '74 at 9.5% interest, and my father thought I was nuts. I thought my income of $680/mo was gonna go up by $100 as soon as I passed a professional credentialing exam (cuz I was the union steward for my dept). IIRC, my payments were close to $200. Housing inflation was already happening here, resulting in prop 13 in '78.., and the house went from $27K to around $178? K when I sold in '86 to assessed at about $760K today, those suckers.... nice hippy cabin, 800 sq feet, on 6000 sq feet of land. Anyway, cuz of professional advancement, I inflated a whole lot more than the economy did, and i was able to buy a bunch of Zeros for my IRA that cost me $86 in ?80 and gave me $1K 30 years later, so inflation was good to me.

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