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Message
re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/27/24 at 8:50 am to ragincajun03
Posted on 4/27/24 at 8:50 am to ragincajun03
quote:
But when you think about it, the current 7% to 8% if what 80s and early 90s babies' parents were used to as the norm.
Well yeah, but home prices for a starter home were like $75k not $300k. Huge difference when your interest rate is 7%
2
Posted on 4/27/24 at 11:07 am to Civildawg
quote:
Well yeah, but home prices for a starter home were like $75k not $300k. Huge difference when your interest rate is 7%
Nope that's when interest rates were 18% in early 80's. Young families were buying 300k+ houses in 2008 at the historically low rates of 7% in late 2000's.
Quit crying and figure it out like every generation before you.
Posted on 4/27/24 at 3:21 pm to Civildawg
quote:
But when you think about it, the current 7% to 8% if what 80s and early 90s babies' parents were used to as the norm.
Well yeah, but home prices for a starter home were like $75k not $300k. Huge difference when your interest rate is 7%
Hate to break it to y'all but $75K in 1980 = $300K today
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