Interest rates were actually surprisingly high “back in the day”. The last 10 or so years have been an outlier in how low they are. But buying a house at a much lower real cost, even at a 10% interest rate, would probably be easier back then due to higher relative wages.
Interest rates were actually surprisingly high “back in the day”. The last 10 or so years have been an outlier in how low they are. But buying a house at a much lower real cost, even at a 10% interest rate, would probably be easier back then due to higher relative wages.
High interest probably made it harder for companies to mass buy out homes and rent them out as well