Re:Everything Is Booming Except for Wages
by closeparen on Sunday August 26, 2018 @06:20PM
(#17848249)
When were homes primarily bought for cash?
[ Parent
| on HN ]
Re:Everything Is Booming Except for Wages
by pmiller2 on Tuesday August 28, 2018 @05:14AM
(#17857504)
In the US, a little over 100 years ago. Before the 1930s, mortgages were 5 years, with a very high down payment (50% would be typical). See https://bebusinessed.com/history/history-of-mortgages/