[quote=The-Shoveler]I was getting 10-15% wage increases in the 1970’s
True a lot of that was performance/merit etc…
But house prices, cars ect.. were going up about that as well.
The lower you are on the ladder the more those cost of living increase mean. and in 1970, if house price increased, you got a higher Cost of living increase (not rent, the price of a home)[/quote]
I feel like that would be an awesome scenario for most home owners today who have a mortgage. A $2k mortgage today might seem high for your average wage earner but after 10 years of getting 10-15% raises, the same $2k mortgage would seem down right cheap.
