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To: bentway who wrote (128866)	6/14/2008 6:02:51 PM
From: MoneyPenny	Respond to of 306849

Young, no money to speak of, who cared indeed. Not that I have any knowledge of this. MP

To: bentway who wrote (128866)	6/14/2008 6:44:04 PM
From: patron_anejo_por_favor	Respond to of 306849

>>Better drugs, better music, no AIDS, STD's treated with a shot of penicillin, the pill, frequent bareback sex with multiple partners just for the hell of it - what's not to like?<< Those were the days my friend......

To: bentway who wrote (128866)	6/14/2008 7:47:18 PM
From: Drygulch Dan	Respond to of 306849

In the seventies a major change occurred in financing homes occurred. Most who lived thru this should remember the 70s as a time of significant household inflation. As I recall, it kicked off in 1973 with some governmental policy requiring all household income to be counted equally. Before 1973, bankers were not willing to count spousal income on an equal footing. This change was cheered at the time as victory of equal rights for women, as it truly was, however it also ushered in the wave of inflation that accompanied the end of the Viet Nam War period as well as a period of monetary debasement that led to the tight money times of the Volcker Fed later in the following decade. It was a tough time to be house buying. In the summer of 1975, I searched all over the South end of the Bay area, finally settling on a new 1500 sq ft house under construction in North San Jose off the Capitol/Cropley area. I signed up to pay a mind numbing amount for the time - $47,500. including a $42,000 mortgage which we could barely afford at 8.25% APR, 30 yr. Or so I thought at the time. I made $12K then in the semiconductor industry, my wife made $6K, life happened and we survived. With some nimbleness we benefitted financially from the inflation that followed but it wasn't easy and there were lots of risks along the way including a divorce for us.