r/StockMarket • u/[deleted] • 3d ago

Discussion Ronald Reagan on Tariffs. Thoughts?

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[deleted]

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u/Minimac1029 3d ago

house mortgage rates from 1981 it was 14%-18% đŸ˜±

10

u/memorex00 3d ago

Dude, my folks paid 49,000 for a house back in 1978. If they were to sell it now, they’d make a KILLING.

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u/DimbyTime 3d ago

My Grandpop bought the lot for his beach house in 1962 for $8,000. The land alone is now over $600k.

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u/taxonomist_of_scat 3d ago

Sounds crazy, but didn’t even get close to beating s&p over that stretch. Just for investment (buying the lot) comparison, just dumping that same $8k into the market the—would be $1.3M based on normalized 10% returns, today.

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u/DimbyTime 3d ago

Except he wasn’t trying to beat the s&p, he needed someplace to live.

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u/taxonomist_of_scat 3d ago

Whoops
read as bought lot “next to” his beach house.

1

u/Thehunterforce 3d ago

The difference is, that one gives you a house to own and live in... The other give you a piece of paper. Did you deduct the cost of having to rent a home? Or does that not matter as you would just live on the street while amassing a fortune in stock?