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

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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…

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Anonymous 0 Comments

I bought my first home for 155 @ 6.5% Jan 2007. I was making just over $16 an hour. My payment was 1200 I believe. I just sold it last year for 400k.

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