INFLATION 1980

 yo!.. look back in wonder..innit!

                         

here in palookaville..

we think the mortgage rate @6% is high..

but when this photo was taken..

the rate was 15.5%..

NOT JUST THE JOB WALTER

sitting here with my boss standing next to me..

I was 28..

It was a good job..

graphics and photography..

we all had a 16% raise in 1979..

and 21% raise in 1980..

then the job was made redundant..

me out first..

then the boss..

then the whole drawing office..

I moved house..

into the centre of the city..

sold the car..

we brewed all our own beer..

switched off the hot water and the heating..

I had to sell all my marvel comics..

for £500  that's £2,743.18 pounds today..

that's $3453.

to pay the mortgage arrears..

SOCIAL SECURITY

there was help with mortgage interest payments back then..

and grants for students as well..

I went back to college..

qualified as a teacher..

mortgage rates went down..

eventually..

but 10.5% was still normal..

our actual mortgage amount was for £14,000..

the new house had cost us £23,000 in 1980..

our previous house we bought for £11,500..

in 1978..

we sold it for £21,000+..

in 1980..

THE VALUE OF PAPER MONEY

people here in palookaville..

talk of getting on the housing ladder..

they think houses only go up in value..

but the truth is..

it's the money that goes down in value..

it's all just inflation really..

MIGHTY MARVEL MELT UP

I wonder what my marvel comics are worth now..

the first 36 spideys..

(all the Steve ditkos)

first 20 x-men..

first 24 Conan the barbarian..

many more..