4 ms·
The '70s, '80s and early '90s had unusually high interest rates though. Through compounding with those high interest rates early on, it suddenly becomes more re
by markvdb 10y ago
The '70s, '80s and early '90s had unusually high interest rates though. Through compounding with those high interest rates early on, it suddenly becomes more reasonable... 6.7% over 42 years would get you to over 300k already...
Source:
http://www.riksbank.se/en/The-Riksbank/Research/Historical-Monetary-Statistics-of-Sweden/Volume-II-House-Prices-Stock-Returns-National-Accounts-and-the-Riksbank-Balance-Sheet-16202012/ http://www.riksbank.se/en/The-Riksbank/Research/Historical-M...
http://www.historia.se/VolumeIICh6Stocksandbonds.xls http://www.historia.se/VolumeIICh6Stocksandbonds.xls
- geon 10y agoNot to mention late payments often have an interest of 10 %.