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  • $850

    From JAB@21:1/5 to All on Tue Oct 3 20:57:29 2023
    On October 1, 1908 - Ford puts the Model T car on the market at a
    price of $850

    PIC
    https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

    @engineers_feed

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  • From Mike Spencer@21:1/5 to JAB on Wed Oct 4 01:48:57 2023
    JAB <here@is.invalid> writes:

    On October 1, 1908 - Ford puts the Model T car on the market at a
    price of $850

    PIC
    https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

    So around 11% of median househols income. Low-end Toyota today 40% to
    50% of median income.


    @engineers_feed

    --
    Mike Spencer Nova Scotia, Canada

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  • From JAB@21:1/5 to mds@bogus.nodomain.nowhere on Wed Oct 4 05:26:39 2023
    On 04 Oct 2023 01:48:57 -0300, Mike Spencer
    <mds@bogus.nodomain.nowhere> wrote:

    On October 1, 1908 - Ford puts the Model T car on the market at a
    price of $850

    PIC
    https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

    So around 11% of median househols income. Low-end Toyota today 40% to
    50% of median income.

    Other factors to consider.....


    The United States in 1900
    ...
    ...
    In 1900, the average family had an annual income of $3,000 (in today's dollars). The family had no indoor plumbing, no phone, and no car.
    About half of all American children lived in poverty. Most teens did
    not attend school; instead, they labored in factories or fields.

    https://www.digitalhistory.uh.edu/disp_textbook.cfm?smtID=2&psid=3175

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  • From Michael Trew@21:1/5 to Mike Spencer on Fri Oct 6 17:37:06 2023
    On 10/4/2023 12:48 AM, Mike Spencer wrote:
    JAB<here@is.invalid> writes:

    On October 1, 1908 - Ford puts the Model T car on the market at a
    price of $850

    PIC
    https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

    So around 11% of median househols income. Low-end Toyota today 40% to
    50% of median income.

    Ford's intention was to price the cars so his employees can buy them.
    Smart man!

    Another side to look at: In today's prices, I can get a running used
    car for $850 (albeit not a great one), and run it around. I currently
    own quite a number of these vehicles, and at least a few of them are
    running. Anyway, this was not possible over 100 years ago, because
    there wasn't really a "used car market" then. I have bought a new car
    from a dealer exactly once, and I won't be doing that again. I buy
    everything private party now.

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  • From JAB@21:1/5 to michael.trew@att.net on Fri Oct 6 19:48:59 2023
    On Fri, 06 Oct 2023 17:37:06 -0400, Michael Trew
    <michael.trew@att.net> wrote:

    In today's prices, I can get a running used
    car for $850 (albeit not a great one), and run it around.

    In larger cities, these vehicles exist, but in rural areas, the
    pickens are slim, and usually, it ain't worth fixing up.

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  • From Michael Trew@21:1/5 to JAB on Sun Oct 8 09:27:31 2023
    On 10/6/2023 8:48 PM, JAB wrote:
    On Fri, 06 Oct 2023 17:37:06 -0400, Michael Trew
    <michael.trew@att.net> wrote:

    In today's prices, I can get a running used
    car for $850 (albeit not a great one), and run it around.

    In larger cities, these vehicles exist, but in rural areas, the
    pickens are slim, and usually, it ain't worth fixing up.

    I travel over an hour to find vehicles. Sometimes flip them as a hobby.

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  • From JAB@21:1/5 to michael.trew@att.net on Sun Oct 8 11:15:33 2023
    On Sun, 08 Oct 2023 09:27:31 -0400, Michael Trew
    <michael.trew@att.net> wrote:

    I travel over an hour to find vehicles.
    Sometimes flip them as a hobby.


    Sometime after 2000, the Internet made it easier to flip vehicles,
    with freebie advertisements.

    Flipping as seen now was not a common practice in newspapers' days; it
    cost money to place those ads. Many vehicles went to salvage yards.

    Further, the buying cost now for these vehicles needing maintenance
    has increased. $10-20k for a ten year old vehicle with 100,000+
    miles, are you kidding.

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