
Nick
@ntst22
hi
ID: 3044470000
18-02-2015 04:53:15
14,14K Tweet
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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













