Imagine a time when houses were $125k and a typical family had incomes of $40k and $25k for the spouses. And they only paid about 10% income tax in that bracket.
Go back another 40 years and houses were $20k and the average salary was $15k, with less than 5% taken off in income tax.
If you're talking about 1951:
Average family income was estimated at $3,700 in 1951
The average home price in 1951 was approximately $7,354
Just about 2x income; MUCH MUCH better than today.
I think the Truman "Show" is a hat tip to Harry Truman our 33rd president who signed the National Security Act in September 1947, which gave birth to the CIA.
His parents only paid 125K when they bought it in 91 and now it's worth nearly 3 million. Who can keep up with that kind of inflation?
Imagine a time when houses were $125k and a typical family had incomes of $40k and $25k for the spouses. And they only paid about 10% income tax in that bracket.
Go back another 40 years and houses were $20k and the average salary was $15k, with less than 5% taken off in income tax.
Make America Great Again!
If you're talking about 1951: Average family income was estimated at $3,700 in 1951 The average home price in 1951 was approximately $7,354 Just about 2x income; MUCH MUCH better than today.
Tax rates:
Tax Rate Over But Not Over
20.4% $0 $2,000
22.4% $2,000 $4,000
27.0% $4,000 $6,000
30.0% $6,000 $8,000
...
and it goes all the way up to 91%
Sounds about right. My grandfather paid about 5k for his house after he served in the Pacific.
Was San Bernardino.
Before my Grandma died, went to visit.
Before I got out of my car, about 50 Mexicans exited their houses and stared at me.
I knocked on door and grandma answered.
Asked her what was up with all these people watching me.
She said, "they are very protective of me. I am the last of the ww2 Vets living here."
I will never forget how legal hard working immigrants love our country and it's history.
Legal immigrants are some of the most patriotic Americans. Love them!
100%
Massive respect
I’m super curious where our economy will be after the FED and federal taxes are eliminated, and we revert back to a gold backed currency.
Prices, income rates, everything could drop like a rock to historic lows.
My neighbor always talks about how he built his house new for 14k. What a time lol
It’s inflation but also the location. Florida Real Estate appreciates quickly
Just work harder /s
Make your spouse work too /s
And that just increases inflation.
What we need is one-person working and the other staying home. That would drive prices down.
Make your kids work too! /s
Have you ever been to that area? $125K was a good deal back then. It's beautiful down there in South Walton.
Matt’s father took out a $203K mortgage in 1993 for renovations.
He probably just did a refi type deal where he rolled his exisiting mortgage in with the money for renos.
But what I’m saying is that even though the original purchase price was $125K he put more money and consequently more value into the home.
I see. I get it. Thanks.
I think the Truman "Show" is a hat tip to Harry Truman our 33rd president who signed the National Security Act in September 1947, which gave birth to the CIA.
Edit for added link to Exposing the CAA,
https://rumble.com/v2a8fu4-enjoy-the-show-full-documentary-exposing-caa-the-cias-hollywood-control-tal.html
Yup Masonic nod. Symbolism will be their downfall - Q!!!
that wasn't on my radar at all...
You can’t make this shit up.
No. Freaking. Way.
This sits weird. Feel like I'm being punked
Because it’s a literal movie, anon! I am sitting comfy in my snuggie, Fren. This is amazing.. 🤩🍿🐸🎥
Tell me our timeline is a movie without telling us that we are being watched all the time by the CIA.
Da fuk?
First Time? It's a meme...
what a freaking weird connection. Isn't it? What makes a good movie?
We're watching a movie.
Wasn’t a Rothschild connected to the Truman Show?
Truman show was just on PBS a month ago on 10/19.