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

1.30K views

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

42 Answers

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.

You are viewing 1 out of 42 answers, click here to view all answers.