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My parents "suffered" through 14% interest rates, wages were rising at breakneck speeds and their mortgage was largely inflated away before they even paid any
by A2017U1 8y ago
My parents "suffered" through 14% interest rates, wages were rising at breakneck speeds and their mortgage was largely inflated away before they even paid any of it off.
By historical standards it was actually a great time, a single wage family could afford their own house. Such similar circumstances is impossible today in the same city.
- refurb 8y agoThere is a reason they called it stagflation. It wasn’t a good time at all in the US.