ST Alpha - "but with housing prices being 1/3 of now... total cost with a 17% rate was still much lower -- nm" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 155

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

but with housing prices being 1/3 of now... total cost with a 17% rate was still much lower -- nm

Posted by stewie (aka whysoserious) Nov 23 '09, 18:03

(No message)

Responses:

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

Post a message top

Replies are disabled on threads older than 7 days.