3 ms·
Adjusted for inflation, housing was significantly cheaper in 1990 than it is today.
by anonfordays 2y ago
Adjusted for inflation, housing was significantly cheaper in 1990 than it is today.
- listenallyall 2y agoNot the point. OP was jealous of the "nearly free money," i.e the low interest rate, not the amount borrowed.
- mtalantikite 2y agoI'm actually not jealous, I'm happy for my friends that were able to buy. I just think it was a silly, shortsighted policy move. The 2% rate that people are locked into is only part of the problem of course. There's just not much inventory in NYC or in many other cities.