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my dad used to get > 10% rate (not US, and yes, it was much higher than inflation rate). Now we think 3% is bonkers. How times have changed!
by justaguyhere 8y ago
my dad used to get > 10% rate (not US, and yes, it was much higher than inflation rate). Now we think 3% is bonkers. How times have changed!
- EpicEng 8y agoI don't know where you're located, but in the US, interest rates used to be much higher. So yes, you got great rates on savings accounts, but you also paid 8%+ on your mortgage.
- jdhn 8y agoHousing prices were lower in both absolute and inflation adjusted terms, so the higher interest rate didn't hurt as much.