Housing Home ownership required a down payment and having enough income on hand in which only one fourth of income after taxes would go towards the mortgage or the buyer could not qualify for the typical 30 year mortgage. Without adjusting for inflation and comparing values versus actual income, the price of homes ranged in the 1960s from under $9,000 to $16,000 across the country. Were practically non existent by today standards but those that existed were out or reach to main stream Americans.
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