What houses were worth $300K in 1980 that are now worth $800K? More $70K in 1980 and $800K today... @enf
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Replying to @kimmaicutler @deejaycrimson
$100K seems to be the realistic home sale price to use for 1980 (9/28)pic.twitter.com/LOkOKhykWC
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wow, with mortgage interest rates at 14%! difficult to imagine. ... difficult to imagine 7%
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More difficult if you were there then - paid 13% ouch
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Mortgage rates get capitalized into the cost of a home purchase. If owners can refinance later at a lower rate, it's a windfall.
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Yes, many people who bought in the 1980s re-fied all the way down.
1:32 PM - 13 Jun 2017
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