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Money and Finances
Reply to "Why do people think Boomers had it so good?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I purchased my first home in 1986 with a mortgage rate of 11%.[/quote] But your home price to income ratio was WAY different that it was then. The federal minimum wage is still $7.25. It's unconscionable. [/quote] Agree. Take the average home price over a 30 year timeframe along with the a low, medium, and high income to create a ratio then and now. I'm sure they will be vastly different even with a higher interest rate.[/quote]
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