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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (69704)	9/13/2006 3:21:12 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 110194

I got around 9 3/4% in 1975 for my first home. Of course, the house was 1 hour north of Santa Barbara and cost 25k. I could easily make the mortgage payment with one weeks pay and still have cash for groceries and gas. I think I was making $6.50 hour plus some production bonuses. My wife did not work and we were able to save quite a bit. That is not gonna happen today.

To: GraceZ who wrote (69704)	9/13/2006 4:07:25 PM
From: regli	Read Replies (1) \| Respond to of 110194

"By the late 1970s you couldn't buy a job." That definitely didn't apply nationwide. In the Bay Area, at that time, I had calls from recruiters just about daily trying to hire me away. The hiring scene was very similar though not quite as frantic as in the 1998 - 2001 period.