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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (44999)	11/8/2005 8:21:01 AM
From: loantech	Read Replies (3) of 110194

Darfott I have another analogy. Maybe you can debunk it also. <g> It may relate to what Ron Paul asked. In 1953 my dad was a shop foreman in Oregon. I figure he made about $400-500 a month on wages. The house we grew up in was $5,000.00. So less than 1 year gross wages. In 1973 I was making about $9600 a year(A foreman may have made $16,000) and a home cost about $24,000 on average so 1.5 times to 2.5 times a gross annual wage for 1 person. In Oregon now an average home may be about $200,000 for around 1200 sq ft. Average wages for a family in Oregon are about $65,000.00 with both husband and wife working. So a home now costs over three times gross income and that is with both people working so 6 times what it did per person in 1953. So the dollar has lost value or wages have not kept up with costs. So in a sense maybe Ron Paul is right, money does not go as far as it used to IMO.

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