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Author Topic: Housing affordability comparison  (Read 353 times)

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Offline Miseremini

Re: Housing affordability comparison
« Reply #5 on: August 08, 2026, 03:39:20 PM »
Quote from: MonsieurValentine on August 08, 2026, 02:33:22 PM
 My parents bought their first home for about $39,000. It was 3 bedrooms, in a nice White neighborhood, all wood floors, real plaster walls, full basement, 2 car garage. I loved that house. Similar homes in the same area are in the $350,000 range.

My parents bought their only home for $6,000.00.  2 story with walk up attic, 3 bdrms, white neighbours, oak floors and trim, 7 etched glass French doors on the main level, full basement, single car garage, walking distance to Church.  Present 2026 value.... $700,000.00.
When they bought in 1948, after 10 years of marriage, dad was making about $1,200.00 per YEAR working as a butcher in a major slaughter house.  So their house cost roughly 6 times his gross yearly income.
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Offline Soubirous

  • Supporter
Re: Housing affordability comparison
« Reply #6 on: August 08, 2026, 06:00:19 PM »
A pdf of Fr. Denis Fahey's book, Money Manipulation and Social Order, is at https://www.cathinfo.com/the-library/ai-summary-money-manipulation-and-the-social-order/
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Offline Seraphina

Re: Housing affordability comparison
« Reply #7 on: August 08, 2026, 07:38:08 PM »
Interesting!  My parents bought a “fixer-upper” in 1955 for $6,400. House, built 1948, had three bedrooms, one bathroom, combination dining/living room, kitchen, full but unfinished basement, one car garage beneath house. Looks like one floor from front, two floor in back, on 1 3/4 acres. It had been used by US Army Reserve for training weeks. It needed LOTS of work, both house and grounds. 
Today, the house is worth $1,002,000!!!  A young couple on one US Government income wouldn’t even look at it. It has been totally renovated, added onto, basement fully finished, but same grounds. 
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Offline Mr G

Re: Housing affordability comparison
« Reply #8 on: August 08, 2026, 08:01:48 PM »
In 1973 my parents bought a house built in 1965 for $35,000. It is now valued at $800,000
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