r/SipsTea • u/late_to_redd1t • 21h ago

SMH The advice didn't age well.

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u/TelephoneNorth8640 18h ago

Why do people think the 80s were a boon? People struggled. Remember mortgage rates were over 15% at points, and averaged around 11%. Sure houses were cheap, because financing was so expensive...

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u/Atomic-Avocado 17h ago

Houses were cheap because there were way less people and boomers had an exodus from cities into brand new suburbs. Houses are expensive now mostly because cities refuse to allow new dense housing to be built where people want to move

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u/cti0323 17h ago

Yep, which makes builders no longer build starter homes because they have to maximize returns due to limited areas to build.