What about the crazy interest rates of the 70s/80s?
Many people who had to deal with crazy interest rates a generation ago think they had it bad. And they did. But these days things are worse, even on a monthly cost basis.



Why we made this infographic

When we're explaining how much housing affordability has deteriorated compared to a generation ago, people who lived through the high interest rates of the 70s and 80s will often pipe up: "Well, things can't be any worse than when I was paying 13 per cent on my mortgage." We wanted to show that: 

Even with lower interest rates today, higher home prices mean average mortgage payments are higher.

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Comparing the crazy mortgage rates of the 70s/80s to the cost of housing now, who do you think had it worse?
What about the crazy interest rates of the 70s/80s?
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