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
7% interest rates when home prices are 3x average annual salary: not a huge deal
7% interest rates when home prices are 15x average annual salary: huge financial burden on the buyer
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