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When inflation was surging in the late 1970s and early 1980s, CD rates exceeded 10%.
by tamaharbor 4y ago
When inflation was surging in the late 1970s and early 1980s, CD rates exceeded 10%.
- nemo44x 4y agoAnd a mortgage came with a 16% rate. No thanks!
- slaw 4y agoAnd monthly rate was lower than now with 5.5% mortgage. Yes, I want it.
- thfuran 4y agoAll it will cost you is a few decades of deflation to get back to 70s prices.
- slaw 4y agoI am very ok with housing price deflation.
- bombcar 4y agoAs should everyone! If your finances would be wrecked by house prices staying stable, let alone decreasing, you're in for a world of hurt. Also it's amusing that everyone wants lower cost housing but wants house prices to appreciate.
- lovecg 4y agoTo get back to 70s prices we should also go back to 70s building codes (less safe, but is something costing 2x, 3x, 5x really justifies the marginal safety improvements?) and 70s house sizes (smaller)