Quote:
Originally Posted by WilliamTheIrish
My first mortgage was in 1984 @ 17.7%. Beautiful little airplane bungalow in the oldest part of town. 40k.
And yes contraction of the money supply is exactly set up to slow down the housing market. Hope it works. I’m headed out of this area soon enough. Will definitely be a shoebox instead of a palace as I set up for the 3rd and 4th quarter of life.
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I pulled the trigger in 87 at 10%, thinking that was as low as we were going to see again.