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Originally Posted by Shazam
Maybe 18.5%? It was really high. They didn't qualify for the gov't interest relief program.
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In 1987? Interest rates were 10.5-11.5% then (lower if variable).
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I don't even know what your numbers are supposed to represent, they're totally irrelevant.
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Affordability vs. today. If you want to talk about irrelevant, start with numbers using 1977 or 1987 dollars and fictional interest rates.