3 ms·

I 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%+

I 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 ago
Housing prices were lower in both absolute and inflation adjusted terms, so the higher interest rate didn't hurt as much.