SightBringer
@_the_prophet__
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ID: 1677141237684641792
07-07-2023 02:24:10
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John Ekdahl The “16% mortgage rate” argument is a textbook example of historical distortion through omission. Let’s break the illusion: Yes, rates were 16% in 1981 - for a few quarters. But the median home price was $70K. And median income was about $21K. That’s a 3.3x price-to-income