Moderator: Andrew
Rick wrote:Michigan Girl wrote:YES, you are dating yourself....and ME as well!!!![]()
I didn't know you two were dating.
Enigma869 wrote:Michigan Girl wrote:YUP!!! That was when the ol S&L's went defunct!!! We aquired MANY of those loans, I remember it well!!
The prices of homes WERE less than what a car costs today....but the prices of homes today are triple(or more) of what a car costs today. So what I'm trying to say is~ I guess I don't understand what you're saying...If you reply...remember, I'm 47...I'm on the verge of being an old lady...BE KIND!!!
What I am saying is that just because interest rates in the early 1980's were double digits doesn't mean that things were far worse then, than they are now! Interest rates cannot be the barometer, when most people could buy homes for less than $50K, when rates were so high. No matter how bad the economy gets, you'll NEVER, EVER, EVER see double digit interest rates again in our lives! Housing would have to go down another 75% (which isn't happening) for that to ever become a reality!
John from Boston
NealIsGod wrote:Michigan Girl wrote:Oh and BTW, YOU are VERY SMART!!
Yeah, I would love to see Enigma go up against TNC in some kind of battle of the brains.
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