reply to post by Ex_MislTech
This is far more than inflation. Inflation would take everything up evenly, including the wages. My grandfather was a horse logger, though he is
deceased and sold his company, the logging company bearing his name still exists in the Okanagan. When they bought their lake front, a 1/2 acre, with
only a cabin on it, they got it cheap considering in those days, most didn't appreciate the lake front, (not so anymore). However, I asked him what
they went into their mortgage for and what his annual income was at the time. The property was 1/3 his annual income. Even the houses in town, that
they had been encouraged to buy instead from their family could be measured in a years wage.
[edit on 5-12-2008 by mystiq]