[PRCo] Re: Another Vacation

[Fred W. Schneider III]

I would think that the banks and especially credit card accounts do well
in spite of inflation.  Government may not because of the combination of
tax exempt bonds and the concurrent loss of federal tax revenues because
the bonds are exempt.  

It was 1949 that Dad sold our house in Penn Township (173 Crescent HIlls
Drive, Penn Hills Township today), that he built for $3,000 in 1937, for
a whopping $9,000.  We overserved it change hands many times -- in fact
I'm in touch with the present owners.  Even as an older home, it goes
for well over $150,000 today.  

Sure I'm younger but still old enough to be drawing retirement from
Pennsylvania.  I think your age is about midway between me (62) and my
dad if he were still living (93).  That and the price of your Bethel
Park house, and my knowledge of houses in Bethel Park, makes me think
you probably bought that house in the 1947-1950 era.  



Shirley Tennyson wrote:
> 
>     Fred Schneider is younger than I am. In my time, U.S. prices have
> risen 14 times over, not that different from Europe.  My father was a
> civil engineer and was paid $ 3,000 in 1935 or '36. Tody, he wold earn
> at least $ 48,000, probaly much more. Transit fares averaged twelve
> rides for a dollar but now one ride costs $ 1.10 or more in some places.
> SEPTA has gone from two for 15 cents to $ 2.  Postage stamps have gone
> from two cents to 34 cents, soon 37 cents.
>     We bought our first brand new house in Bethel Park, Penna. for $
> 9,500. Today, they do not make them that small. but it would probably
-- Trailing quotes stripped by Listar --