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Key:
Admin,
Global Mod,
Mod
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Joined: Dec 2013
Posts: 28,374 Likes: 567
a.k.a. Dingle Johnson
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a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 28,374 Likes: 567 |
“Why doesn’t anyone want to work for $15.75 an hour??!!”
Because a single cab work truck is $50,000 and a decent(notice how I didn’t say extravagant) house not in BFE is $300,000-400,000 I bought my first house in Leeds, Alabama in a nice little neighborhood called Bridle Trace. I bought it for $34k. 3 bedroom 2 bath. That was in the late 80's. That house was probably 1.5-2X’ish your annual income? Which today for most is a complete pipedream. Someone will be around soon enough to say pull yourself up by the bootstraps I did the math on this back in April and posted the figures...in a similar thread When adjusted for inflation, average annual income is only 12% higher than it was in 1990, but vehicles cost 34% more than they did in 1990, houses cost 80% more than they did in 1990 and a college education costs 3x what it did in 1990. We had about a $400 a month house payment back then. Two shitty used cars. Two kids. And we literally ate Beans, rice, cornbread, peanut butter and jelly sandwiches, Hamburger Helper and cereal. Things like Spaghetti, tacos, burgers and dogs, and Heaven forbid, steaks or a roasted whole chicken was a special meal.
"When I say ever thing I mean ever thing." - Frankie
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