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When gas was 25 cents a gallon

In 1957, a gallon of gas—that’s 3.75 litres—cost 25 cents. On a trip to Sarnia in 1969, we paid 50 cents a gallon, but when we crossed the bridge into Detroit, we paid 25 cents a gallon. And the crazy thing is that the gas in Detroit was shipped there from Sarnia. WTF! Can you imagine if you could buy 3.75 litres of gas for 25 cents today?

In 1971, my then-husband made $5000 a year. Our brand new three-bedroom bungalow on a 60’x100′ lot costs $14,500, slightly less than three times his annual salary.

Today, if you’re making $75,000 a year, that’s considered pretty fair. However, to buy a house, you must spend between $600,000 and $900,000 — eight to 12 times your yearly salary. With a 20% down payment, you need $120,000 to $180,000 in your bank account.

So, how do young folks today even save for a down payment? With the price of gas and food through the roof, it’s a wonder they can even feed their families.

Okay, that’s my stream of consciousness for today. I get really rattled over today’s high prices.

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