Re: Inflation

Posted by Jim L. in OR On 2011/1/26 16:05:15

A family story about my father. In 1946 my parents were living in a small house rented to them by an exceedingly nice elderly lady who lived next door.
When my mother told my dad that the landlady was going to have to raise their rent to $30 per month, he hit the roof (no pun intended) He said: "That's it, we're going to start looking to BUY a house. I'm not going to pay a dollar a day for rent to NOBODY".
The house they found cost them $7,500; which included the adjoining lot.