me_irl

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Me_irl (lemmy.today)

submitted 2 weeks ago by sanitation@lemmy.today to c/me_irl@lemmy.world

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[–] LovableSidekick@lemmy.world 0 points 1 week ago (1 children)

For perspective the record high for mortgage interest rates in the US was 18.6% in October 1981. Wait... isn't that when Boomers were buying houses and everything about life was easy and perfect? Yes.

[–] veni_vedi_veni@lemmy.world 7 points 1 week ago* (last edited 1 week ago) (1 children)

Except the more important metric is number of years salary it takes to buy a home. Interest rate is mitigated by so many other factors.

[–] LovableSidekick@lemmy.world 1 points 1 week ago* (last edited 1 week ago)

I agree - if only the meme creator had used this instead of the more important point.