I was reading the other day that the average college debt now is $30,000. And I thought, wow, that’s a lot. Until I realized that’s what a medium priced car costs now.
I used to listen to Paul Harvey every day at lunch time before Rush was on the Radio.
He had a talk one time about this very thing, manufacturers putting out millions of cars every year. He said, and this was back in the 80’s, that it just could not keep going forever. The price keeps going up, they last longer than they used to, the union wages keep climbing. The assembly lines get more efficient.
They would eventually pile up some where. Looks like he was right.................
My parents bought a house in 1971 for the whopping price of $17000, 3B 1 Bath, huge corner lot with chain link fence...................I was 16 and thought it was so outrageous that they would never pay it off.....................