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<blockquote data-quote="vantexan" data-source="post: 5353163" data-attributes="member: 24302"><p>To be fair you would&#039;ve worked for a dollar or so a day in 1913.&nbsp; And a lot of goods we want, like cars, cellphones, tv&#039;s, washing machines, etc, don&#039;t take as long to buy on our pay as they did when they first came out.&nbsp; My dad was getting after me making over $40k in 2012 saying he never made more than that his entire career and he owned a home, etc.&nbsp; I pointed out using an inflation calculator his $35k in 1977 was worth almost $120k in 2012.&nbsp; And the house he built for $20k in 1966 was worth a lot more now.&nbsp; Over $400k today.&nbsp; The people who really made out with inflation were those like him who bought homes with fixed rate mortgages before high inflation hit in the late 70&#039;s.&nbsp; They saw their pay rise while their debts got much cheaper to pay.&nbsp; The problem now is pay has been stagnant while home values have gotten very high.&nbsp; Pay will have to be greatly inflated to pay for a home or home values will have to come back down to reality.</p></blockquote><p></p>

[QUOTE="vantexan, post: 5353163, member: 24302"] To be fair you would've worked for a dollar or so a day in 1913. And a lot of goods we want, like cars, cellphones, tv's, washing machines, etc, don't take as long to buy on our pay as they did when they first came out. My dad was getting after me making over $40k in 2012 saying he never made more than that his entire career and he owned a home, etc. I pointed out using an inflation calculator his $35k in 1977 was worth almost $120k in 2012. And the house he built for $20k in 1966 was worth a lot more now. Over $400k today. The people who really made out with inflation were those like him who bought homes with fixed rate mortgages before high inflation hit in the late 70's. They saw their pay rise while their debts got much cheaper to pay. The problem now is pay has been stagnant while home values have gotten very high. Pay will have to be greatly inflated to pay for a home or home values will have to come back down to reality. [/QUOTE]

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