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Reply to "Why do people think Boomers had it so good?"
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[quote=Anonymous][quote=Anonymous] Same with Mortgages. In 1981 it was 18%. It also used to be much harder to qualify for a mortgage, There were no creative repayment terms or 3% down. It was straight up 30 year mortgage with 20% down. [/quote] That actually was a good thing - it meant fewer of them got into serious trouble by buying a house they couldn't afford.[/quote]
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