this post was submitted on 29 Apr 2025
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Exactly. $400 for mine. $100 would fill a shopping cart with groceries back then. Health insurance: $80-125/mo. Internet: $15/mo. Garage sales almost everything was less than $10, most of it was less than $5. Goodwill was a deal. DIY/homemade was a deal, a way to save money.
It was a different time. There’s no equivalent to that time today, today is pretty awful.
And now it’s all going to be so much worse thanks to MAGA, oligarchs, and Heritage.
Agreed.
The only way for a wage earner to bootstrap their way up is to have money when historic opportunities to invest present themselves, like March 2020 and April 2025. If you have a few thousand to invest now, chances are that will turn into a massive profit over time. And even better, hold those securities for longer than a year and you get a preferred, lower tax rate on any profits.
But most people can't do that. They're stuck taking out an (air quotes) "interest-free" loan from Klarna to make sure they don't starve this week. Our politicians are, thankfully, focused on the most important priorities, like drag queen story time. (And that's sarcasm, btw.)
I was finally in a position to buy my first home just after the 2008 recession. Just a fluke of timing, and just enough to afford a hundred year old bungalow, but that luck gave me leverage. Sold the house 5 years later when I had a kid, paid off my college debt, and moved to a lower COL area. Never could have happened if I'd bought earlier or later.