"Who's got 50% and their first born to put down?"
Really!!! Yep...we've come a long way, baby!
Back in the 50's, lot's of middle class working stiffs paid cash for their new
Chevy or Ford every 4 - 6 years or so, putting down a substantial amount and
paying off the bal in 6-12 month or up to 24 for those earning less.
And two car families were beginning to appear, 1 less than 4 years old, 1 less
than 6 or so as people were generally paying only 25% of their take-home to
put a reasonably decent roof over the family's head back then.
My family's first house, a 3 story colonial in a nice neighborhood ran less
than 28k in '48. Good times, man. :)
Cap'n. Bob '60 :{)
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