Re:Worker pay isn’t keeping up with inflation
by PaulDavisThe1st on Friday December 17, 2021 @12:50PM
(#29595613)
No, I'm assuming best case: zero interest.
You might be arguing that 1970's cost-as-multiple-of-earnings plus 1970-accumulated-interest exceeds 2020's equivalent. Is that your point?
Re:Worker pay isn’t keeping up with inflation
by TheCoelacanth on Friday December 17, 2021 @11:35PM
(#29601691)
That "best-case" is unrealistically favorable to the 1970s buyer. In 2020, you can almost get that zero interest mortgage. In the 1970s, you are going to be paying at least 10% on top of that.
It's just not. You're not accounting for the interest paid over 30 years of a mortgage.