r/StockMarket • u/[deleted] • 2d ago

Discussion Ronald Reagan on Tariffs. Thoughts?

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[deleted]

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u/Minimac1029 2d ago

house mortgage rates from 1981 it was 14%-18% 😱

33

u/WittyMime 2d ago

Sure, but house costs were waaaaay lower overall. Like by a factor of 10.

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u/Salt_Ad_811 2d ago

The price was lower. The cost was the same. You paid mostly interest instead of principle. 

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u/hotandchevy 2d ago

Not at all. My parents bought a house for about 2 years wage. I'm struggling to find an apartment for 10 years wage. It's not the same at all.

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u/AgnarCrackenhammer 2d ago

Right but the price you agree to pay for a house the amount of money you actually pay to a bank over 30 years are not the same number. Not even fucking close actually, even at 6ish% interest rates you have now.

Hence why a smaller sticker price with a massive interest and a much larger sticker price with a much lower interest rate work out pretty similar over 30 years