Thread: Project $ 3 K Is Underway
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01-17-2008 04:35 PM #11
That's really an eye opener Jack, and those were 1986 dollars. To put it into perspective, here are some statistics from 1986:
How Much things cost in 1986
Yearly Inflation Rate USA1.91%
Year End Close Dow Jones Industrial Average 1895
Interest Rates Year End Federal Reserve 7.50%
Average Cost of new house $89,430.00
Average Income per year $22,400.00
Average Monthly Rent $385.00
Average Price for new car $9,255.00
1 gallon of gas 89 cents
Casio Portable Color Television $249.99
Tandy 600 Portable Computer $1599.00
Bacon per pound $1.75
I tried to find 2007 prices for comparison but couldn't find any, but I think we all know what those are. Your sedan would probably cost you $ 25,000 or more in parts now I would guess. BTW, nice looking sedan.
Don
John's ride to the cemetery, his beloved Billings OK bus, The Baby Elephant!! Traveling in style!! - -
John Norton aka johnboy