MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1x5n1tp/the_advice_didnt_age_well/pgp54gc/?context=3
r/SipsTea • u/late_to_redd1t • 21h ago
1.9k comments sorted by
View all comments
29
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...
1 u/FaceMace87 16h ago Give me 15% on 60k over 6% on 400k 2 u/No_Mind_7397 16h ago Adjusted for inflation, both of those scenarios come out to around $2,300 a month.
1
Give me 15% on 60k over 6% on 400k
2 u/No_Mind_7397 16h ago Adjusted for inflation, both of those scenarios come out to around $2,300 a month.
2
Adjusted for inflation, both of those scenarios come out to around $2,300 a month.
29
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...