Elliott
@epillifant
Alaskan, dad, carpenter
ID: 1199843135880196096
28-11-2019 00:11:21
98 Tweet
126 Followers
1,1K Following
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