t nibbles Gus' ear, driving silly financial chatter from his pwetty bwain
She's not just a blob of energy, she's also a 14-year-old hormone bomb.
Spike ,'The Killer In Me'
Natter 34: Freak With No Name
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Trudy Booth - Apr 21, 2005 8:47:11 pm PDT #7976 of 10001
Greece's financial crisis threatens to take down all of Western civilization - a civilization they themselves founded. A rather tragic irony - which is something they also invented. - Jon Stewart
Gus - Apr 21, 2005 8:53:44 pm PDT #7977 of 10001
Bag the crypto. Say what is on your mind.
assuming no money down and a 7% interest rate, a 30-year fixed had them paying ...
All generous assumptions, but not unreasonable. Let us now factor in 1975 dollars against today's dollars. Woops.
I want my 1975 bux back.
Gus - Apr 21, 2005 8:56:18 pm PDT #7978 of 10001
Bag the crypto. Say what is on your mind.
t makes out with Trudy in a way that makes money a dim, distant memory
Maria - Apr 21, 2005 9:15:11 pm PDT #7979 of 10001
Not so nice is that I'm about to ruin a Friday morning for a bunch of people because of a series of unfortunate events and an upset foreign government. - shrift
I want my 1975 bux back.
But it's a hypothetical. Even if a house had never been purchased, you still wouldn't have your 1975 dollars back.
Don't forget they were paying down the 1975 value of the house. The amount of their mortgage didn't increase with the cost of living, so their $200/month payment--which in 2005 terms would equal $713--is still far less than it would cost to rent a house of comparable size.
If they had saved that $200/month, starting in 1975, they would have $98,500 today (assuming a standard savings account at 2% interest). Less than the $108K they've made on the house.
beth b - Apr 21, 2005 9:22:52 pm PDT #7980 of 10001
oh joy! Oh Rapture ! I have a brain!
and of course they couldn't have saved that 200.... or not all of it because you have to live somewhere...
Maria - Apr 21, 2005 9:29:07 pm PDT #7981 of 10001
Not so nice is that I'm about to ruin a Friday morning for a bunch of people because of a series of unfortunate events and an upset foreign government. - shrift
beth, i do so love your spicy brains!
Gus - Apr 21, 2005 9:30:12 pm PDT #7982 of 10001
Bag the crypto. Say what is on your mind.
OK, I'm going 2400 x 30 and making 720 K in 1975 bux. Let us give a slope to the numbers behind inflation that comes out and $135 K.
Wait, I'll stop there. Maybe you don't like my numbers.
Maria - Apr 21, 2005 9:31:48 pm PDT #7983 of 10001
Not so nice is that I'm about to ruin a Friday morning for a bunch of people because of a series of unfortunate events and an upset foreign government. - shrift
Gus, I don't understand your numbers. Where's the 2400 coming from?
edit: 2400 times 30 equals 72K, not 720K.
edited again: Just so you know where I'm getting my conversion figures from. The CPI has $1 in 1975 equal to $3.57 today. If they had 72K in 1975, it's equal to having ~$257K in 2005. But they wouldn't, because the rate of return on a standard savings account wasn't great enough. And you've got that slope of inflation to account for.
Gus - Apr 21, 2005 9:44:23 pm PDT #7984 of 10001
Bag the crypto. Say what is on your mind.
Gawd. 12 x 200 x 32 = 72K
Yes.
I am down with this. I sloped the numbers as I went along.
Pick a number above 72, Maria of my heart. I shall use it to do battle.
Maria - Apr 21, 2005 9:53:11 pm PDT #7985 of 10001
Not so nice is that I'm about to ruin a Friday morning for a bunch of people because of a series of unfortunate events and an upset foreign government. - shrift
Oh my dear Gus. You were meant for an earlier time.
What was your rate of slope? I'd like to know how you extrapolated the numbers.
(I'm genuinely curious, and not trying to be argumentative in the least.)