In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
Did you like the 70's?
SW0320
Member Posts: 2,520 ✭✭✭✭
If you did, here is one thing that may be making a return.
Video is long but very informative.
I miss the 70's but not the inflation part and the gas lines.
Comments
I don't miss being poor.
The '80's were much more fun.
My first mortgage was taken out in 1981 and I was "fortunate" in only having to pay an interest rate of 12%. The going rate at the time was 16% but I was able to roll the homeowners mortgage rate over to me. I was 8+ years ahead on the principal payments when I sold the house because I couldn't wait to get out from under that mortgage. If that sort of inflation happens again in todays volatile society things are going to blow. Fortunately for me, because of planning I am somewhat insulated from the effects if it happens again but it will sure put a crimp in my retirement spending habits. Bob
Sounds like us we had the same interest rate. We have been in the same house since 1981 so we have done a few refinances for lower rates and additions. It is interesting to watch look at the mortgage refi's as we went from 12% to 10% to 8% and then to about 6% before paying it off.
I was in college and graduate school in the late 70's and early 80's........I remember having a CD at my local bank that got as high as 12.75% for a 6th month term...sounded good until you figured in inflation and taxes...
Those Carter years were difficult...I fear we are just entering into a similar dark hole again...
On the positive side, the music was great....maybe Rap will finally die out like Disco did in those years !!!
Bought my first home at an assumable loan in 1981 of 7 per cent
I was a parts manager in a Chevy stealership, got married, had a daughter, and bought a house, and a new Vega in the 70's.
So yes, the 70's were good for me.
Joe
had some CD's in the early 80's that paid 15-16 per cent.
I was just a kid. But I had a BMX bike and a Farrah Fawcett poster. Yea, I liked the 70's.
Those who remember the 50's know that every decade since, sucked bigtime.
Those high CD rates were due to double-digit inflation. Your real rate of return was very low. Hang on, we're headed there again.
When the media was saying the last recession was the worse since the great depression my comment was "they forgot about the 70's"
I remember President Ford's "whip inflation now" lapel pins. And mood rings. Nobody ever mentions mood rings. Where would we be without mood rings?
My adult life began in 1970, when I got married on July 4. '71 was my term in 'Nam. Then came two daughters, the end of my flying career and the start of being a media spokesman, and finally my move to NASA in 1979.
The Carter years were a genuine horror. I was lucky enough to get VA loans for the two houses I bought in the 70s. That allowed me to put a few dollars every month into mutual funds - when the Dow was at 600.
Graduated high school in 1973 . Married in 1979 . Many of the years in between were a blur .Glad that very few cameras were around ,no pictures ,no proof .
Like Rocky- early 70's, I had people shooting at me.
You tend to remember things like that.
Met and married my wife in the 70's.
Beginning to think she is a keeper.
It was a good decade, for some of the things life throws at you.
Married and had 2 kids in the 70's. Bought first house in 77. A very nice 2 story brick with a full basement and 2 car garage in a nice conservative neighborhood. Full price; 31,000 dollars. The down side was the 14% interest rate.
I would indeed go back again. Just to be young and to really enjoy all those friends and family members who are now long gone.
I did ok in the 70's..........
BUT..............I'll always think of 1955 thru 1963 as the "best years"...........of my childhood. A much better/simpler time.......sadly, long gone.
I had one of those 16% CDs and spent the last part of that decade in the Army, some defining years for sure.
OK :
The 70s was great for Me !
Graduated high school in 77 , got married ( first of 5 X ) in 79 ...
Grade school in the 70s was really good , we lived in a small town ( 830 people ) , eveytbody knew everybody , a good thing , well most of the time !!! LoL
Wish I was ( now ) as smart as I thought I was then !
Thanks !!!
I Grew Old Too Fast (And Smart Too damn Slow !!!) !!!
I really liked the Winchesters 70s
Born in January of '70.
Probably the best decade of my life.
It was before I knew better and the real world kicked in...
Was a little kid but I remember the Carter era well. I’d hate to relive that bs but it sure looks like we’re heading there again.
not sure currently not all that excited about being almost 65 cant wait to see what the 70's bring 😁
I was a coming into age in the 1970's kid its was the beginning of a end to many things that I truly miss . but for a short time it was fun . for years I thought Vietnam was going to be my future but it was over just as I was leaving HS
I graduated high school in 75 . I remember thinking I was invincible 🙄. trying to make sure I did my share of drinking and smoke ( pot) and share my time with as many gals as possible gave all that up many many years ago
In 1977 I started working construction I think it was about $12 or 13 a hour then ( union ) up from just under 3.00 a hour at my old job , OMG what a change that made I bought a new car in 78 first time and met my wife to be in 1978 , got married in 1979 and still going so she is a saint no way I could imagine her not being with me
I remember hearing about the Iran Hostage Crisis and all those people Iran had captured. Every night the news would say something like "Day 340 of the Hostage Crisis" and then a bunch of stuff I didn't understand. I remember thinking Carter was a worthless weasel sack of crap.
Then the Presidential election spooled up and I remember thinking Reagan was going to obliterate Carter, even though I was young and stupid playing hockey 6 hours a day.
There was an election, Reagan won, and Lo and Behold, all those hostages were released. Well of course, I figured we had a MAN in the Big Chair again. That was my first exposure to politics.
Then the Lake Placid Olympics, the malaise, gas lines, Lee Iacocca, and the Miracle on Ice. Wow.