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.

By Gen Squeeze

| December 14, 2017

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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