Eli5: why are interest rates now considered worse than higher interest rates of decades ago?

Question

I am surrounded by boomers saying this that in their day interest rates were at 15% and we have it easy! I’m also surrounded by the younger generations saying this is ‘not the same thing’

Explain to me the reasoning…

In: 233

Answer 1

Those boomers got a house at 50000$, which means the interest is 7500$

Where I’m from, interest rate is 5%, but a house costs 700000$, whic means 35000$ in interest.

Also, the difference between salaries and hous pruces is much bigger now, than back then, so we’re getting double fucked.