Quote:
Originally Posted by HemiEd
Well, to be honest without having served in the Navy, I wouldn't have been able to buy our starter home with $200 down making $3.26 an hour at Beechcraft.
All those hobbies of mine were supported by hustling on the side, such as building engines for people, flipping old cars etc. We didn't have FB marketplace back then but we had "Mini Market" in the paper and that was a staple.
It was constant motion, at one time I had 16 440s in my garage bought out of salvage yards that I parted out. Selling the heads, cranks and blocks.
We never ate out, seldom fast food, had one TV most of the time, one land line and were constantly in debt paying high interest rates.
Now the youth do door dash, new I phones etc are the higher priority. I had a nephew that felt a Mc Donalds employee should be able to support a family and eat fast food on that salary every meal as a staple.
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You were clearly a very hard worker with a lot of determination. Good for you. But still, the fact that you were able to purchase a home for $200 down kinda supports my point. The average down payment for a home in Missouri is now over $20,000. When you were that age, your purchasing power was 10 times greater than it is for a young person today. That dramatic of a price increase, and stagnant wages for decades.