dude had himself a mini Hugh Hefner type playboy mansion
NBA owners and players have done a great job growing their brand since then!
6205 cobbs creek parkway philadelphia, pa
The Cost of Housing: 1050% Higher than 1970 and Climbing
Warning: Do not try to read this if you are not wide awake and sober. The staggering number of statistics will cause mental short circuits. Author is not responsible for “fried brain” or other problems associated with excessive statistics.
Consider these sobering statistics. In 1960, a new house would cost around $16,500. Ten years later in 1970, a new house would cost around $26,500. The cost of a new house went up $1,000 per year. The national inflation rate ranged from 1.4% in 1960 to 6.5% in 1970. Unemployment ranged from 5.5% in 1960 to 3.5% in 1970. Obviously, the 1960s were a fairly stable decade with little change in most key indicators. The highest level the Dow hit in 1960 was 685 and the highest it hit in 1970 was 842. The average price for a gallon of gas in 1960 was .31 and in 1970 it was .36.
In 1960, the median household income was $5,600. To put these statistics in proper perspective; a new home would cost the average family three times its annual income. By 1970, the median household income had grown to $8,730 or 55.9%. Guess what? It would still cost the average family three times its annual income to get a new home.