Life On and Off an Acreage

In-sights into moving from an Acreage back to Town, plus a few things I find of interest.

Two things that horses are scared about:


1. Things that move
2. Things that don't move




Old enough to be eccentric, but not rich enough
Showing posts with label cost of Living. Show all posts
Showing posts with label cost of Living. Show all posts

May 18, 2021

Read It and Weep!

 Here is a page depicting the 1946 Cost of Living! In 75 years how did we get to the prices of today?


I am no economist, but I put it down to Compound Interest Charged on loans. For example, my parents bought their house, a three story 3 bedroom home with basement for $1500.00. When I sold it I got $35,000.00 for the house. To buy an equivalent house in 1983, would have cost $40,000.00.

Now if my parents had taken a loan out to buy the house at @7 % interest they would have to get the $35,000 equity out of the house.


Other items affected by CI is the price of food, wages, etc. I would suggest that the buying power of todays wages is comparable to those in 1946.

I remember as a kid, a quarter meant you were rich and could buy a pop, a chocolate bar, and have change for a pocket full of candy.