<VV> RE: Was '54 Corvette, now "Value Analysis'

[Frank DuVal]

I'm thinking you are still off on thinking the 54 Vette is a 1/2 years 
average salary. In 1954 a GS-7 was $4050 per annum. And I know my father 
as a factory worker was in the 3K range. And most families were one wage 
earner, no dual incomes like today.

Of course this is way more money than my grandfather earned with his 
first job. Messenger for the Weather Bureau in 1901. $360 per annum!

Frank DuVal

Craig Nicol wrote:

>
>Without having looked at any of the real numbers or equalizing for equipment
>and features, I'd say that the '07 Corvette is less affordable.  The '54
>would be paid-for in about 1/2 year of the average '54 salary where the '07
>might be a little more than a full year of the average '07 salary.  If one
>were to equalize for equipment, it might be closer to a wash.  I would get
>really interesting if you factored in the total ownership costs including
>maintenance, depreciation, and insurance. A complete analysis would be a
>whole day's job.
>
>Craig (numbers make me happy!) Nicol
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