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> Something has to have changed since then. In 35 years an awful lot has changed. What are you thinking specifically? Interest rate wouldn't be too hard to fi
by thundergolfer 7y ago
> Something has to have changed since then.
In 35 years an awful lot has changed. What are you thinking specifically?
Interest rate wouldn't be too hard to find, though it'd be a lot of trouble to find out the terms of the loan.
One thing I can comfortably say though is that they'd been living at home and saving for a while, so could pay quite a lot of the full housing cost up front. Maybe 30-50%. Nowadays it's a joke to think about doing a 50% down payment on a 1-2 million dollar home.
- foogazi 7y agoI was thinking maybe it was a time when purchases were made in cash or seller financed But siem already posted that interest were around 17% and someone else mentioned 10% inflation in the eighties Then you throw in immigration and global markets and a somewhat clearer picture emerges