2 ms·
Sure. He had a 20 year fixed mortgage, which he paid off entirely on the same blue collar job, with low monthly rates because he was able to save and put down
by StanislavPetrov 2y ago
Sure. He had a 20 year fixed mortgage, which he paid off entirely on the same blue collar job, with low monthly rates because he was able to save and put down 50% in cash, which represented only 1 year salary. The same worker today has to save up 12 years worth of salary to put down 50% on the same house. It is amazing how so many can't understand that the USA has entirely changed for working people in the last few decades.
I should include that on his salary he was also raising two children, could afford for us to see the doctor/dentist on a regular basis, owned a car outright while my mother stayed home to raise the kids.