What was the average cost to buy a house or car in the 80s and 90s?

[dukebound85]

Yeah I don’t think there is an issue with older cars.. I’m fascinated with high mileage ones! Here in the UK cars are treated like phones with a 3 year upgrade cycle. Because of the current economy people have stopped due to the costs sky rocketing!

My daily driver is a 22 year old truck with close to 550k miles. I was There when we drove it off the lot

only downsides are some parts are only obtainable used anymore

 

[KaliYoni]

I'll just add that I view rent vs. buy decisions as being more complex than the common wisdom of "renting is wasting money".
Some important things to consider are:

• Ability to obtain and sustain a mortgage.
• Opportunity cost for the funds required for a down payment, transaction costs, and ongoing costs.
• The value of maintaining the option of moving at short notice.
• Macro economic factors.

 

[JamesMay82]

My daily driver is a 22 year old truck with close to 550k miles. I was There when we drove it off the lot

only downsides are some parts are only obtainable used anymore

What make is your truck, my daily is a 2004 ford ranger here in the UK it’s only got 100k on it though so a baby compared to yours.

 

[dukebound85]

What make is your truck, my daily is a 2004 ford ranger here in the UK it’s only got 100k on it though so a baby compared to yours.

it's a tundra