Quote:
Originally Posted by derpcake2
[You must be logged in to view images. Log in or Register.]
Mortgage rate in 1975: 9%
Mortgage rate in 2021: 2.8%
Total cost when loaning 200k over 30 years:
1975: $ 561.227,64
2021: $ 294.494,44
Source
Hilarious. |
Show me where you're going to live with a 200k loan please and then I will remind you that the people there make 15$ an hour.
Not to mention you could buy 5 homes for 200k with a median Home price in 1971 that was 35k.
Estimated payments on a 35k home at 9% 30 year fixed is 230 dollars. (1975 rates)
If you bought the home 3 yeas earlier the payments would be $90 (1972 rates)