economists say

[Red Devil]

Bought my first house in 1988. I got the mortgage locked in at 10.5% the day before it jumped to 11%

The house probably cost like $7500 though

 

[pkgdriver]

The house probably cost like $7500 though

Perhaps
Median home price in 88 was probably around 90,000.

 

[UnionStrong]

Perhaps
Median home price in 88 was probably around 90,000.

More, depending on what region you were in.

 

[Trucker Clock]

The house probably cost like $7500 though

$60,000

 

[UnionStrong]

$60,000

Wrong, the lowest median was 92k in the south.

 

[Trucker Clock]

Wrong, the lowest median was 92k in the south.

What do you mean wrong?

I paid $60,000 for the house at 10.5% interest rate in 1988 and only made $39,000 as a package car driver that year.

 

[UnionStrong]

What do you mean wrong?

I paid $60,000 for the house at 10.5% interest rate in 1988 and only made $39,000 as a package car driver that year.

Yeah mine was 64, but that’s what the chart I posted said.