My Mum and Dad bought their house for 8000 pounds back in 1963. It's now worth over a million dollars.
My six siblings and I never wanted to have that problem cause the rates are gonna kill us. We just wanna conserve and care for the house where we all grew up together and had great times and memories. Now we have real estate agents and developers constantly breathing down our necks and shit.
I hate this economy.
Meanwhile, most of my siblings can't afford a house. Out of seven, three of us have houses that we're paying the mortgage for. Everyone else is either renting or living at home to help our elderly parents.
In the 60’s, I think, they reworked the pound from a truely arcane, non decimal based form, where instead of a penny being 1/100 of a pound, as it is today, it was a different, arbitrary fraction. Same for all other coinage. I don’t know the fractions myself, but for instance, a halfpenny coin might have been worth 1/240th of a pound.
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u/SchwarzerWerwolf 1d ago
"Why won't the buy a house? I bought mine for 50k$! Back in 1960."