It's stunning how many people seem to forget that there are other countries on the planet that use dollars and weren't involved in Vietnam. No, I'm not making an assumption. The person who posted this is Canadian.
Y'all really need to take a step back and reflect a little bit.
Didn't work for me... in my 1972 bank job interview I was told, "I'd hire you if you were a man, but you're not. If I hired you, you'd just get pregnant and leave." It wasn't against the law for him to say all that.
And for what it's worth I didn't buy a home - a small one-bed flat - until I was in my 40s. Cost me so much I couldn't afford proper furniture. Yes, my current house is worth a lot more than what I paid for it (mainly because I bought a wreck), but so is any other house I could afford if I sold it.
would be great if you told us how much it costed and how much you brought in hourly. i wanna sympathize but then i remember you could rent a studio in the 70s-80s for like 300 dollars month. i probably could have bought a house with a missing arm and working 30 hours a week.
My flat cost £43k in the early 90s, nearly three times my annual income at the time, and all my savings went on the deposit. I had previously lived in a shared house, the only way I could afford to save anything.
More nostalgia... Looking for a 1br flat to rent in 1980s Wellington (NZ) was a trip. Demand far, far outstripped supply. Among the gems offered to me for top rental (can't remember how much, but it was crazily high), was a place that stank of damp and had rat-holes chewed in the bathroom wall - which was just soggy softboard against a dirt bank. There were three couples viewing at the same time. Another place I was told was fresh to the market, no-one else had seen it yet. The stove had been dismantled and the toilet was piled high with human shit. When I shouted at the agent she said, You don't want it then?" and hung up.
I eventually lucked in with a "granny flat" whose owners, an adorable elderly Polish couple, lived upstairs.
When my parents bought in the UK in the early 80s, the average family house was £20k. But mortgage rates at the time were ~20%, meaning you had to pay £4k per year just to cover the interest alone, and the average salary was below £6k.
Yes, interest came back down after a few years, but a lot of people learned about Negative Equity during those years.
Didn't work for me... in my 1972 bank job interview I was told, "I'd hire you if you were a man, but you're not. If I hired you, you'd just get pregnant and leave." It wasn't against the law for him to say all that.
And for what it's worth I didn't buy a home - a small one-bed flat - until I was in my 40s. Cost me so much I couldn't afford proper furniture. Yes, my current house is worth a lot more than what I paid for it (mainly because I bought a wreck), but so is any other house I could afford if I sold it.
would be great if you told us how much it costed and how much you brought in hourly. i wanna sympathize but then i remember you could rent a studio in the 70s-80s for like 300 dollars month. i probably could have bought a house with a missing arm and working 30 hours a week.
My flat cost £43k in the early 90s, nearly three times my annual income at the time, and all my savings went on the deposit. I had previously lived in a shared house, the only way I could afford to save anything.
More nostalgia... Looking for a 1br flat to rent in 1980s Wellington (NZ) was a trip. Demand far, far outstripped supply. Among the gems offered to me for top rental (can't remember how much, but it was crazily high), was a place that stank of damp and had rat-holes chewed in the bathroom wall - which was just soggy softboard against a dirt bank. There were three couples viewing at the same time. Another place I was told was fresh to the market, no-one else had seen it yet. The stove had been dismantled and the toilet was piled high with human shit. When I shouted at the agent she said, You don't want it then?" and hung up.
I eventually lucked in with a "granny flat" whose owners, an adorable elderly Polish couple, lived upstairs.
When my parents bought in the UK in the early 80s, the average family house was £20k. But mortgage rates at the time were ~20%, meaning you had to pay £4k per year just to cover the interest alone, and the average salary was below £6k.
Yes, interest came back down after a few years, but a lot of people learned about Negative Equity during those years.