View Single Post
Old 29 Aug 2006, 23:12 (Ref:1697137)   #6
R59
Veteran
 
R59's Avatar
 
Join Date: Mar 2003
Heard and McDonald Islands
Bedfordshire
Posts: 3,520
R59 should be qualifying in the top 10 on the gridR59 should be qualifying in the top 10 on the grid
Yes, you were paying more % income tax in those days, but only 15% VAT.

The mortgage rate was higher, but inflation was high too, so your wages outstripped your mortgage, and the house prices were on the rise so your mortgage was "smaller" by the day.

I remember talking to an old work colleague who bought his house in 1974 for 34000, which by 1984 was worth 125K, and he had 14K left on his morgage to pay. That same house now would be worth around 270K.

Rob.
R59 is offline  
__________________
There is no substitute for cubic inches. Harry Belamonte - 403ci Vauxhall Belmont!!
A 700hp wayward shopping trolley on steroids!!
Quote