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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (36097)7/16/2003 3:51:25 AM
From: maceng2  Read Replies (1) of 74559
 
booze, baccy

A good post but I believe you are wrong on that point. Nearly everyone smoked tobacco, and you are the only country allowed to distill your own spirits, so I think a little alcohol was consumed too.

The other point is house prices reflected what a single wage would be earning. O.K. prices were a little outside a normal working persons buying range, but it wasn't like today where a normal house can only be bought with two normal working wages and then some. I'm referring to the UK, but I expect NZ is the same as the USA and elsewhere house price wise.

To be honest, I do not have much data on "then" and "now". The "old days" were always full of the desperate plight of poor people, and the awful housing conditions they endured. It would be interesting to see how the real dollar earning distribution has changed over the years for the population of each country vs property prices.

I certainly don't understand why the teenagers from the poorest part of town feel it's mandatory to own a mobile phone, and the very latest model at that. Maybe if my miners turn into ten baggers, I may actually buy one.... Nah. Currently the family has several mobiles that are cast-offs from their friends upgrading. Almost brand new sets which work perfectly. They are used infrequently of course, on the orders from the leading household Aztec, because they are so much more expensive to use then land lines. A factor of ten or more usually (here in the UK).

You might be onto a good thing with the Q though, in the longer term..

finance.yahoo.com
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