Saturday, June 09, 2007

Housing in the Depression



How quaint - spending less on your mortgage than rent! It's a wonder my grandparents did quite well for themselves considering their unsophisticated financial decisions.

3 comments:

Prairieboy said...

Model Home - $4800. Wow. Nice!

jay said...

funny that many of the same marketing targets were still in use that long ago. I guess things change but are still the same: except the $$ that is

patriotz said...

Yeah but "real estate always goes up" sure wasn't one of the slogans.

Ironic of course since the 1930's represented an all time low in real RE prices.