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However during the years when the baby boomers were buying that house and paying 15%+ interest, that house sold at a 1/4 of today's prices, adjusting for inflat
by Theodores 9y ago
However during the years when the baby boomers were buying that house and paying 15%+ interest, that house sold at a 1/4 of today's prices, adjusting for inflation. There were mortgage tax relief schemes so it wasn't that hard to buy a house for that generation. They cheerfully tell their younger children to save up for a deposit like how they did.