That's way up from the 50s when the average debt load was less than $4,000 per household which did include home ownership."Son, do you remember once when you asked me what money was?" Sure, you said it was nothing more than a tool people used to acquire the things they wanted. Seems to me I remember you saying it was an invention someone came up with to ease the problems associated with bartering. In fact, I think that was a quote you made during that discussion we had." It's good to know you were listening and, yes, you are absolutely right. Also, if you remember, I told you the economy before the early 1950s was mainly a cash economy. Basically, if someone wanted something they saved their money and paid cash when they had saved enough. One reason the economy was that way was because credit was extremely difficult to get. Back then a local economy could slip into a recession quite easily. The only thing needed was for people to lose confidence for some reason or another and the. He wanted a big yard where he could experiment with plants and shrubs and landscaping. It was his passion. He would make his house a showplace. With that thought in mind he made daily trips to the property, taking measurements, sitting in his car staring at the empty space and seeing in his mind exactly what he wanted. In the evenings he drew up plans for the house, changing the plans over and over again until he knew exactly what he wanted. All he needed was the land. Two weeks passed and he had not heard a word from Gordon about the property, other than a phone call telling him he had given the information and the bid to the owner. He hadn’t called Gordon, because he didn’t want to appear overly anxious, but it was time to get this settled. Bob walked the short distance from the hotel to the office, walked through the front door and greeted Gordon. After shaking hands, Gordon said, ‘Have a seat Bob. I assume you’re here about the property?’ ‘Yes, I am. Have you had a reply from.
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