Affordability

Many Commentators and even Politicians are talking a lot about "Affordability!"  I was an E-6 in our U. S. Navy in October 1969 with eight years of service.  My total taxable income was $4,654.00.

I purchased this three bedroom home in Charleston, S. C. for My family of three dependents.  I was well blessed at this point in My Life.  I was 29 years old.

This Home was purchased for $15,000.00.  Please be aware that the 1965 Ford Galaxie was paid for so the only payments other than routine living expenses was the House Payment.

So I have used an online source for value of this home today, December 2025 and the sum would be $133,354.00.  The income of $4,654.00 in October of 1969 for an E-6 with eight years service in December 2025 would be $41,375.37!!

So let us all consider affordability.  The Home in 1969 was 3.22 times the annual income.  The home with the 2025 price adjusted for inflation was 2.20 times the annual income.  

So let us all look at the real facts before we "Jump on the Affordability Bus!!!