News for hackers. Stuff that matters.

A comment on Maybe Treating Housing as an Investment Was a Colossal Mistake. Parent comment

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by jalk on Monday March 06, 2023 @01:09PM (#35044976)
Don't forget that the interest rate was around 10% in the early 1990ies
[ Parent | on HN ]
Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by triceratops on Monday March 06, 2023 @01:35PM (#35045471)
Yeah that's one reason why houses in the 90s were more affordable.
[ Parent | on HN ]
Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by Scoundreller on Monday March 06, 2023 @03:11PM (#35046907)
Affordable for people planning on paying down the mortgage, but horrible for investors expecting to just refi and refi while maintaining a constant high double-digit LTV. Think about them! /s
[ Parent | on HN ]
Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by ejb999 on Monday March 06, 2023 @01:20PM (#35045170)
My first mortgage was 10.5% in 1989.
[ Parent | on HN ]