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  #1  
Old 08-19-2010, 01:58 PM
Got Goldies Got Goldies is offline
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Question 1960 houses for 19K

My mother told me she bought her CALIF house in the mid 60's for $19,000 and her house payment was $200 a month. She was making $900 every two weeks as a secretary. That is the sweetest deal of a lifetime.

What is wrong with the USA?
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Old 08-19-2010, 02:41 PM
doobsta doobsta is offline
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massive inflation for one...
Huge Deficits for #2

Higher and higher taxes for #3

Hugely reduced take home NET pay checks for #4


19K with 2400 a year house payments is very very doable.....income taxes are low, house payment is low, cost of food was joke...gas was a joke.


people think they are better off today cause they make double or triple the salary...don't they know they are paying MUCH MUCH higher taxes and the purchasing power has been halved or more since?
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Old 08-19-2010, 02:47 PM
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I still make $1800 a month and house payment is $1500? Its going to crash. We are at the precipice.
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Old 08-19-2010, 06:30 PM
asusenior asusenior is offline
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I looked in a 1963 Washington Post paper and typical houses were $15 to 20k. The most expensive house was probably around 40k. Today houses in the area average 400-500k and they hadn't come down much since the top.
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Old 08-19-2010, 06:54 PM
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Quote:
Originally Posted by Got Goldies View Post
My mother told me she bought her CALIF house in the mid 60's for $19,000 and her house payment was $200 a month. She was making $900 every two weeks as a secretary. That is the sweetest deal of a lifetime.

What is wrong with the USA?
That's amazing, considering the average salary in 1965 was 6450.00/yr.

That would mean your mom was making over 23,000/yr as a secretary.

Until 1963 the average woman worker made 59% of what a man did in the same job.

Here an interesting figure..
1965
Average Salary
Secretary: $5,678 (National Secretaries Association membership survey).

I would ask your mom, what exactly it is that she did, where she was able to earn such an enormous amount of money for being a secretary. That's the real story to your post.
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Old 08-19-2010, 07:08 PM
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scallywag scallywag is offline
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Quote:
Originally Posted by Pitcom View Post
That's amazing, considering the average salary in 1965 was 6450.00/yr.

That would mean your mom was making over 23,000/yr as a secretary.

Until 1963 the average woman worker made 59% of what a man did in the same job.

Here an interesting figure..
1965
Average Salary
Secretary: $5,678 (National Secretaries Association membership survey).

I would ask your mom, what exactly it is that she did, where she was able to earn such an enormous amount of money for being a secretary. That's the real story to your post.
maybe she was involved in special, non secretarial, services to boost income., you know as a sideline, whatever it was it sure was lucrative
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Old 08-19-2010, 07:37 PM
Got Goldies Got Goldies is offline
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Quote:
Originally Posted by Pitcom View Post
That's amazing, considering the average salary in 1965 was 6450.00/yr.

That would mean your mom was making over 23,000/yr as a secretary.

Until 1963 the average woman worker made 59% of what a man did in the same job.

Here an interesting figure..
1965
Average Salary
Secretary: $5,678 (National Secretaries Association membership survey).

I would ask your mom, what exactly it is that she did, where she was able to earn such an enormous amount of money for being a secretary. That's the real story to your post.

She worked for big time utility lawyers who paid good. She just cashed out 40K on her pension. She took a payout before 70.
I can assure you that wages were high.

She bought in like 1967. Prime r/e in San Gabriel Valley near Walnut, CALIF.. Walnut wasn't even there.




EDIT: she was making $15 an hour supporting 2 kids by herself.

Nobody you know will get the same deal today.

Today that same home of hers go for 350K. $2500 a month?

Average secretary job is $15.

Prepare for r/e crash.

I'd be looking to cash out my house in Calif, pronto~!

Last edited by Got Goldies : 08-19-2010 at 07:49 PM.
  #8  
Old 08-19-2010, 07:55 PM
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Pitcom Pitcom is offline
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Quote:
Originally Posted by Got Goldies View Post
She worked for big time utility lawyers who paid good. She just cashed out 40K on her pension. She took a payout before 70.
I can assure you that wages were high.

She bought in like 1967. Prime r/e in San Gabriel Valley near Walnut, CALIF.. Walnut wasn't even there.




EDIT: she was making $15 an hour supporting 2 kids by herself.

Nobody you know will get the same deal today.

Today that same home of hers go for 350K. $2500 a month?

Average secretary job is $15.

Prepare for r/e crash.

I'd be looking to cash out my house in Calif, pronto~!
Awesome bro. That was a killer salary back then.
  #9  
Old 08-19-2010, 08:02 PM
Got Goldies Got Goldies is offline
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Awesome bro. That was a killer salary back then.
Utility companies in the 70's were no joke. They made billions on electricity. Monopoly.
  #10  
Old 08-19-2010, 08:19 PM
joethebummer joethebummer is offline
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reminds me of this (from ascent of money)

9:10 http://www.pbs.org/wnet/ascentofmone...t-finance/102/


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