Posted Jan 27, 2023, 4:39 PM
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Registered User
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Join Date: Oct 2007
Posts: 2,374
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Quote:
Originally Posted by Steely Dan
It's kinda nuts how high interest rates were, and how fucking cheap housing was, back in the day.
My parents bought the house I grew up in, in Wilmette, one of Chicagoland's highly desirable northshore suburbs, for $27K at a 9% rate back in 1976!
$27K in 1976 would only be ~$150K in today's dollars.
$150K would only be the down payment on a low-end house in Wilmette these days.
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Boomers gonna boom.
Pull yourself up by your bootstraps, son.
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