Teaching Mrs. Tingle

Teaching Mrs. Tingle ★★★

The house that Mrs. Tingle lives in is 346 Markham Place in Pasadena and was constructed in 1894. The last time that home was sold was in 1994 for $425,000 which was almost 2.5x the median home price in Los Angeles County in 1994. In 2008, the oldest tax year publicly available online, the house's taxable value was assessed at $613,898. In 1999, the average home price was $220,000. So we can deduce that this home was worth somewhere around $500-525k that same year. In 1979, the year that Mrs. Tingle started teaching, the average home price in California was $84,150. We could make an estimation that this house would have been worth roughly $175-200k at the time she was hired. The beginning salary of a new teacher in the 1999-2000 school year contract at the Pasadena Unified School District was $36,550. The average teacher salary in the 1979-80 school year in California was $18,020. The 2017 Pasadena Teacher's Contract included a 3% annual pay raise retroactively to 2014, based on a previous contract, so it's safe to say that a 3% annual raise is typical for a teacher in Pasadena. Now with bonuses and typical teacher's contracts and long term retention percentage increases above the standard COLA, in addition to her tenacity and the fact that she's never taken a sick day, it's safe to assume that Tingle earned somewhere between a $42-46,000 salary at the time of the film. If she were to have purchased this house at the time of this film, where your standard 30-year fixed mortgage had an average of 7-7.5% interest rates, she would have needed a down payment of $400-450,000 to comfortably afford that house. In 1979, depending on the cost of the house, she would have needed $160-180,000 for a down payment as the average 30 year mortgage rates were a whopping 11%. The bottom line is between what we know about the ex-husband whose name she still carried even though he left her, Mrs. Tingle could not have afforded that house.