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.
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.
I would absolutely take the interest rates of the 1980s with the housing prices of the 1980s.