Tuesday, March 11, 2025

The Good Old Days of 2008

I took this picture in Anaconda Montana on August 25th, 2008. This for rent sign was for an upstairs apartment in a nice old granite business building in downtown Anaconda. 

I could imagine working in Anaconda in 2008 and paying $200 dollars per month for an apartment plus heat, light and a damage deposit. You wouldn't need a car if you worked in one of the local businesses. Based on a quick perusal of Zillow it looks like rent in Anaconda for a one-bedroom apartment is about 5 times what it was in 2008. If you were working full time for Montana's minimum wage of $10.55 an hour, and paying today's $1000 monthly rent, you'd have about 500 dollars left over each month after rent for food, clothing, transportation and medical care. The moral of this story?

Warren Buffett said it best, "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning."