Who does this anymore?

edited January 2008 in Housing Bubble
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I've recently made the acquaintance of an 87 year old gentleman. His wife and my mother are residents at the same memory care facility. He visits his wife every day and we talk occasionally. He is a bit lonely and he likes talking about his life history and I listen.

He is a WWII vet and during the war he was trained to be a tank and auto mechanic. He never attended college. After the war he went to work at the Puget Sound Naval Shipyard as a mechanic and his wife worked in the "duplicating office". In 1964, at 44 years of age, he bought his first and only house in which he still lives. It was built in 1963, 2200 sq ft, 2 bed, 2 bath and in a community that was definitely upscale at that time. Now get this – He bought the house on an 8 year contract and paid it off in 4 years! Wow! Not bad for a blue collar worker (or anyone else, IMHO). Can anyone do that today?
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