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Old 01-15-2021, 08:20 PM   #121
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I don’t think ANYONE in the 1% worries one whit about a new roof. I’m in the 10% and don’t worry about anything like that.
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Old 01-16-2021, 07:19 AM   #122
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I think of the young marrieds in 1930's (Depression-era!) movies, who always seem to have a cook and somebody who comes in to clean, even though she stays home and he has some entry-level job.
Disregarding for a moment that movies aren't reality, I think there's a grain of truth there.

My impression is that labor used to be cheaper (relatively) than it is today.

I'm sure someone has statistics on this, so I'll stand corrected if necessary. But it seems that more businesses, and even people, had more staff in the past. Farm laborers, busboys, elevator operators, bathroom attendants, gas pump jockeys, even in-home staff for middle-class families. Every step in almost every manufacturing process used more labor.

I wonder how this impacts or is impacted by cost-of-living calculations.
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Old 01-16-2021, 07:47 AM   #123
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You didn't see movies or tv shows about the in home staff people. They lived in tenements or actual shacks.
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Old 01-16-2021, 07:49 AM   #124
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I am assuming uphill both ways.....
Well, the road out that way does go through a valley, so technically yeah, it IS uphill, both ways
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Old 01-16-2021, 08:08 AM   #125
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And, of course, movies always mirror reality?
Don't forget TV shows where unemployed or low wage earners in New York live in massive apartments.
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Old 01-16-2021, 08:27 AM   #126
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Don't forget TV shows where unemployed or low wage earners in New York live in massive apartments.
Like the apartments on Friends and Seinfeld. Presumably Jerry made good money as an entertainer, but he lived across the hall from unemployed Kramer, and in the same building as mail carrier Newman.

On the flip side, George, who occasionally had what appeared to be good jobs, lived with his parents.
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Old 01-16-2021, 08:38 AM   #127
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Didn't The Honeymooners address life in a cold water flat?
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Old 01-16-2021, 08:45 AM   #128
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DW always laughed that the Bundy's lived in a bigger house than us.
We ate better though. Never lacked for toaster leavings in my house.
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Old 01-16-2021, 09:11 AM   #129
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When I retired in 1993, the NPV of my non-Cola pension was just under $800k. Today it has paid out over 150% of that and still going strong. Not even considered in such studies.

Yet it has made a huge difference in our retired life.

And yes inflation has been a factor in expenses but also investment returns!
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Old 01-16-2021, 09:32 AM   #130
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Didn't The Honeymooners address life in a cold water flat?
I think I read somewhere that "The Honeymooners" was the first tv show to portray a blue collar, working class family. Most of the tv shows from that era tended to have families, or at least couples, with successful husbands and stay-at-home moms, and they lived in nice homes.

Although, when I was a little kid, I used to think Lucy and Ricky Ricardo were poor, because they lived in an apartment and didn't have a car. But, in my neighborhood back then, that's usually how it was, so I was just going with what I was exposed to, and trying to apply it to "I Love Lucy". But, in retrospect, the Ricardos got a '55 Pontiac to drive to California in. My grandparents had a '55 Pontiac. But they didn't get it until 1958. And it was a 4-door sedan, not a flashy convertible. And that house they bought out in Connecticut was pretty darned nice.

As for Kramer on Seinfeld, is it possible his apartment was rent controlled?
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Old 01-16-2021, 10:41 AM   #131
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As for Kramer on Seinfeld, is it possible his apartment was rent controlled?
With Kramer, anything was possible.

Let's not forget he had a personal assistant for a while, until, well, you have to watch.
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Old 01-16-2021, 01:20 PM   #132
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With Kramer, anything was possible.

Let's not forget he had a personal assistant for a while, until, well, you have to watch.
The guy Kramer is based on supposedly made his money selling disco jewlery.

https://en.wikipedia.org/wiki/Kenny_Kramer
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Old 01-16-2021, 05:01 PM   #133
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I'm thinking those numbers are inflated, or the totals contain a few lines that they didn't tell us about.
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Old 01-16-2021, 05:17 PM   #134
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I'm thinking those numbers are inflated, or the totals contain a few lines that they didn't tell us about.
Explain.
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Old 01-16-2021, 05:23 PM   #135
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My Grandad built Mom and Dad's house for 3K in the early 50's. Dad made about $100 per week. So what?
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Old 01-17-2021, 07:43 AM   #136
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Including homes' value skews it for HCOL areas.

My old college roommate in California bought a home for ~$300,000 a couple of decades ago & now jokes he could retire just off the proceeds of selling his home...now valued at ~$1.5 million, probably ~$2 million by the time he cashes out and moves to a LCOL in a few years.
Yea - not to mention the exorbitant high salary, bonus, and stock grants/options given to tech workers, executives, entrepreneurs in the SF Bay Area. The number of millionaires and billionaire, I suspect, is much higher than average.

Edit: San Francisco Now Has the Most Billionaires in the World per Capita
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Old 01-17-2021, 04:56 PM   #137
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EDIT - there was a low-point in 1972 of $2.22/gal, gasbuddy.com says the closes station to me is at $2.25/gal.
For whatever reason (probably because I bought a relatively fuel efficient car in 1972) I recall putting $3 +/- in the car every week. That was 10 gal. at $0.30/gal. That got me almost 300 miles of driving. As ol' Blue Eyes said "It Was a Very Good Year."
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Old 01-17-2021, 05:36 PM   #138
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For whatever reason (probably because I bought a relatively fuel efficient car in 1972) I recall putting $3 +/- in the car every week. That was 10 gal. at $0.30/gal. That got me almost 300 miles of driving. As ol' Blue Eyes said "It Was a Very Good Year."
DW and I purchased our first new car in 1971: a VW Super Beetle. It cost $2.5k out the door. Gas was 25 cents a gallon when we left for a road trip from Chicago to the SE. We drove all day for $2!

While I can't remember exactly what my wage was "working in da factory" (as John Prine would say), I do recall that 25 cents for gas didn't seem all that cheap!
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Old 01-17-2021, 05:45 PM   #139
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It might just be me, but the gap between the haves and the have nots seems wider now than I remember it being in some time (maybe since Bush I). With inflation the threshold for being in the 1% will go up each year, but has anyone seen a chart showing the annual levels for the 1% so we can see visually how it compares with inflation?

Edit: Found this https://dqydj.com/net-worth-by-year/
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Old 01-17-2021, 05:56 PM   #140
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For whatever reason (probably because I bought a relatively fuel efficient car in 1972) I recall putting $3 +/- in the car every week. That was 10 gal. at $0.30/gal. That got me almost 300 miles of driving. As ol' Blue Eyes said "It Was a Very Good Year."
There's another piece to the equation.
A 1975 Ford Maverick with an earth shaking 75 horse power averaged 18.2 mpg combined city/highway.
A 203 hp 2021 Camry 32 combined mpg. Almost twice as many gallons to drive the same distance.
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