Comment on A reminder
anon_8675309@lemmy.world 2 weeks agoYes but a mortgage was 11%.
Now housing was still affordable then, so…
Comment on A reminder
anon_8675309@lemmy.world 2 weeks agoYes but a mortgage was 11%.
Now housing was still affordable then, so…
Rhaedas@fedia.io 2 weeks ago
Housing was affordable and wages hadn't fully flatlined, so a single income family could still possibly pay that mortgage, even pay extra against the rate, and support a family. Definitely a lot more than one single rate number, lots of things are broken.
mcv@lemmy.zip 2 weeks ago
I would absolutely take the interest rates of the 1980s with the housing prices of the 1980s.