2 ms·
>This is what happened to boomers even though they don't realize it. Its not that houses are some amazing investment, its that no one will give you 7figure loan
by Thorrez 2y ago
>This is what happened to boomers even though they don't realize it. Its not that houses are some amazing investment, its that no one will give you 7figure loans at 3% interest to buy stocks with money you don't have, but they will do it for a property.
Interest rates from 1971-1998 were higher than they are today[1].
[1] https://www.freddiemac.com/pmms https://www.freddiemac.com/pmms