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Reply to "Why do people think Boomers had it so good?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I purchased my first home in 1986 with a mortgage rate of 11%.[/quote] [b]Mortgage rate doesn’t matter all that matters is the price you paid.[/b] Your rate might have been high but your prices were WAY lower then. Better to spend 90k on a house with 11% than 600k on a house with 3%[/quote]Then, why is everyone complaining about mortgage prices now? [/quote] Because prices haven't gone down as rates have gone up. In the 80s, the prices reflected the rates, now they don't [/quote]
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