Quote:
Originally Posted by Vulcan
He forgets that mortgage rates were around 17% or more in 1984 and if you were in Calgary, it was the height of the recession. If you had a decent job things were good but a lot people were moving out or scrambling to hang on.
|
"Not everything is more expensive for today’s young adults – mortgage rates were in double digits back in 1984 (but then again so were savings rates)"