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From: Coogan's Bluff <ft.tryon@park.invalid>
Newsgroups: rec.food.cooking
Subject: =?UTF-8?Q?Re:_OT:_=22I'm_Worried_About_Graham=22._=f0=9f=99=8f?=
Date: Fri, 15 Nov 2024 12:44:34 -0700
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D wrote:
> 
> 
> On Fri, 15 Nov 2024, Leonard Blaisdell wrote:
> 
>> On 2024-11-12, Coogan's Bluff <ft.tryon@park.invalid> wrote:
>>> Leonard Blaisdell wrote:
>>
>>>> Another joke, the Federal Reserve is about to reduce interest rates.
>>>> They should double them, at least, for now.
>>
>>> Whoa...double them?
>>
>>> That'd melt the entire housing market to zero.
>>
>>> Subsidiary damage says no,plus the Fed will cut again in December.
>>
>>
>> I bought my home during the last slobbering fool's [Carter] 
>> administration
>> at over nine percent interest. During later, saner times, I refinanced.
>> At the time, homes were considerably cheaper, but the value of money was
>> considerably more.
>> The more things change, the more they remain the same. [1]
>> By the way, my opinion of Jimmy Carter is that he's a good man but had
>> no business as a president with the first traveling clown administration
>> of my lifetime. Who'd a thunk there would be a second, and worse?
>> See [1].
>>
> 
> You're a tough cookie Leo! The highest interest I ever experienced was 
> 6.5%. The highest my parents ever experiences I think was 15%. Their 
> home was purchased for 20k USD and is valued at 1 100 000 USD today. 
> That's inflation for you!

Here's a sad fact on catchup - that $1.1 million today would just barely 
buy a mini mansion on a couple of acres in Montana now.

Back in the day you could have owned a street corner in Helena for that 
price!