The Soapbox

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I believe my first house loan, in 1982, was at 12.5%, with 20% down. But a

couple years before that I remember reading an article in Esquire predicting that my generation would never be home-owners, given that interest rates then on 20 yr mortgages (I may be misremembering but I don't think they had 30 year house loans in 1979) were around 17%, and what young person in their first job could afford that?

(In response to this post by Hoogle.com)

Posted: 08/21/2020 at 8:25PM

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