ST Alpha - "I'm doing some research in 1981. Washington Post headline: "Mortgage Rates Hit New Record at 17% - Aug 8, 1981" -- nm" (Reading a Post)

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I'm doing some research in 1981. Washington Post headline: "Mortgage Rates Hit New Record at 17% - Aug 8, 1981" -- nm

Posted by Max Nov 23 '09, 17:33

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Responses:

but with housing prices being 1/3 of now... total cost with a 17% rate was still much lower -- nm - stewie Nov 23, 18:03 14
- but then a big part of the reason house prices went up is because interest rates are so low. -- nm - Reagen Nov 23, 18:04 13
  - And now they're going down because they were so low. -- nm - the lioulu with crappy mag Nov 23, 18:11 12
    - well, they're going back up again, but they went down because of financial shenanigans, not because of low interest rates. - Reagen Nov 23, 18:15 11
      - Because of the low rates a lot of people bought homes that they couldn't really afford. - the lioulu with crappy mag Nov 23, 18:23 10
        
        We had the same conditions in Canada without the same crash. Ergo: interest rates were not the cause. - Reagen Nov 23, 18:25 9
        
        Bad analogy on your part. - the lioulu with crappy mag Nov 23, 18:34 8
        
        it's a perfectly applicable analogy. - Reagen Nov 23, 18:40 7
        
        BTW way we didn't tighten markets we loosened them. - the lioulu with crappy mag Nov 23, 18:53 2
        
        I'm aware - that's my point. It was the relative lack of regulations that caused it. -- nm - Reagen Nov 23, 18:56 1
        
        If you read my posts I also said that. there was more than one reason. there were many and I did say that. -- nm - the lioulu with crappy mag Nov 23, 18:59
        
        No, it isn't because when gas is cheap, more people drive. And more accidents happen. - the lioulu with crappy mag Nov 23, 18:45 3
        
        This is where your pathological need to disagree with me gets you in trouble. I said that. - Reagen Nov 23, 18:51 2
        
        As I said to begin with it was a bad analogy on your part. - the lioulu with crappy mag Nov 23, 18:55 1
        
        You're now in the position of disagreeing with me and agreeing with me at the same time. This is pretty impressive. -- nm - Reagen Nov 23, 18:57
"NY State Supreme Court enjoined MCA Records from distributing any more copies of its "E.T. -- The Extra-Terrestrial" storybook album, which feature" - WaPo Nov 27, 1982 Nov 23, 17:58
My parents bought their house on August 1st, 1981. - Will Hunting Nov 23, 17:57 1
- I knew a guy bought a house with an 18% interest only loan -- nm - zeitgeist Nov 23, 18:53
Yup, we bought this house in May '81 and our interest rate was over 16% - MojaveMeg Nov 23, 17:36

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