[Elecraft] Price Comparisons

[Don Wilhelm]

  Yes, inflation was rampant in the 1970's.  I was fortunate:
A house that I purchased for $26K in 1969 sold in 1975 for $40k, and the 
house that I bought in 1975 for $42k sold 5 years later for $83k.  That 
"profit" enabled me to have a house built in NC with little increase in 
my mortgage payments - and the same inflation continued through 1993 
when that same house sold for $135k.  It was a great "boom" for housing 
prices, and well before the advent of "creative" mortgage derivatives.

During that same period, the price of gasoline went from $0.35 per 
gallon to well over $1.50.
I don't recall my salary increases during that period, but the general 
expectations were as Ron has recounted.  It was a time of economic 
turbulence, but unlike the economic downturn we have had recently where 
many jobs have been slashed -- most people kept their jobs during that 
1970/80s turmoil.

73,
Don W3FPR

On 6/13/2011 11:06 PM, Ron D'Eau Claire wrote:
> On reflection, I mis-spoke. Inflation in the USA topped 15% during the 70's,
> hitting nearly 20% some years.
>
> Ron AC7AC
>