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Postby mikemarrs » Wed Apr 23, 2008 7:19 am

i'm 33 myself and i remember one christmas we didn't get a lot either the christmas of '81 or '82 and my mom said it was pretty terrible for us and we were living with my grandmother for awhile.she said we got hit pretty hard then but we made it through but even then i don't think the economy was nearly as bad then as it is now.this could be a very hard period for us people barely making it paycheck to paycheck with gas prices exploding and food costs rising.
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Postby mistiejourney » Wed Apr 23, 2008 7:19 am

Rick wrote:
Michigan Girl wrote:YES, you are dating yourself....and ME as well!!! :wink:


I didn't know you two were dating. :lol:


Is nothing sacred on this board? :lol: :lol: :lol: :lol:
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Kim in CA : )
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Postby Michigan Girl » Wed Apr 23, 2008 7:37 am

Enigma869 wrote:
Michigan Girl wrote:YUP!!! That was when the ol S&L's went defunct!!! We aquired MANY of those loans, I remember it well!!
The prices of homes WERE less than what a car costs today....but the prices of homes today are triple(or more) of what a car costs today. So what I'm trying to say is~ I guess I don't understand what you're saying...If you reply...remember, I'm 47...I'm on the verge of being an old lady...BE KIND!!! :wink:


What I am saying is that just because interest rates in the early 1980's were double digits doesn't mean that things were far worse then, than they are now! Interest rates cannot be the barometer, when most people could buy homes for less than $50K, when rates were so high. No matter how bad the economy gets, you'll NEVER, EVER, EVER see double digit interest rates again in our lives! Housing would have to go down another 75% (which isn't happening) for that to ever become a reality!


John from Boston


THANK YOU JOHN!!!! You're a DOLL!!! And you're right, I don't think it was worse I just think it's comparable!!! My mortgage payment today is the same as it was in 1983 on my first home~but now I have triple the house. I just think it all balances out somehow!! Oh and BTW, YOU are VERY SMART!! :wink:
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Postby NealIsGod » Wed Apr 23, 2008 7:51 am

Michigan Girl wrote:Oh and BTW, YOU are VERY SMART!! :wink:


Yeah, I would love to see Enigma go up against TNC in some kind of battle of the brains. :lol:
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Postby Michigan Girl » Wed Apr 23, 2008 9:17 am

NealIsGod wrote:
Michigan Girl wrote:Oh and BTW, YOU are VERY SMART!! :wink:


Yeah, I would love to see Enigma go up against TNC in some kind of battle of the brains. :lol:


No disrespect intended, but I didn't really view this as a battle of the brains. A more appropriate description would be a group of people from different generations and various levels of experience coming together to share their viewpoint on the state of our economy under today's administration versus administrations of the past. I learn A LOT from John, he is VERY knowledgeable (as are the other peeps) !!! :wink:
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Postby Enigma869 » Wed Apr 23, 2008 10:33 am

Michigan Girl wrote: I learn A LOT from John, he is VERY knowledgeable (as are the other peeps) !!! :wink:


Why, thank you Wolverine Girl. The check is in the mail :lol: :lol: :lol:


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