20% mortgage interest rate in the 80's

Discussion in 'Economics' started by a529612, Nov 30, 2007.

  1. 322170

    322170

    ya.... you're correct in the 80's there was higher interest rates however, the home prices were much lower.
    Today's housing market the interest rates are lower but the home prices are much higher. so you're correct the Loan to Home values could be considered a wash using the 80's v/s Now.

    BUT actually it's NOT the same it's worse because now you have to take into consideration paying the high property taxes for todays home prices.
     
    #11     Dec 1, 2007