It’s time for another addition of “Remember When?”
Remember When – the 80’s
The average home mortgage interest rate is 14.4%
Average Cost of new house $62,200.00
Average Income per year $19,500.00
Average Monthly Rent $300.00
Cost of a gallon of Gas $1.19
“Thriller”, “Living on a Prayer” and “Don’t Worry be Happy” were playing on the radios while Sitcoms ruled the television at night.
“E.T. – The Extraterrestrial” was the highest grossing film and had everyone wanting Reese’s Pieces.
The Soviet Union invades Afghanistan & Ronald Reagan is elected president.
The first Space Shuttle is launched.
Sandra Day O’Connor is the 1st female member of the Supreme Court.
IBM introduces the IBM-PC personal computer.
Mt. St. Helens erupts causing nearly $3 billion in losses.
The stock market crash known as “Black Monday” occurred.
The Savings and Loan Bailout was approved by Congress and signed into law and the bill would cost almost $400 billion over the next thirty years.
First Housing Development Corporation of Florida originates the First State Bond Issue, Closes on the First Rural Housing Services Loan, and becomes Ranked First is the U.S. on Bond Issuances for Multifamily Housing.