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93
posted 11 months ago by wankingisgay on scored.co (+0 / -0 / +93Score on mirror )
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MI7BZ3EW on scored.co
11 months ago 0 points (+0 / -0 ) 1 child
1985 and 1980 were entirely different from each other. 1984 was when the economy started behaving "normally" again after near hyper-inflation rates for over a decade.

Edit: The "official" inflation and interest rates are not what actually happened. They lied to us in the 70s and early 80s and we have the receipts.
HarlechMan on scored.co
11 months ago 2 points (+0 / -0 / +2Score on mirror ) 1 child
The graph starts in '85 hence why I compared '85 interest rates. Under no circumstances was the average home loan at 30% "in the 80s".
MI7BZ3EW on scored.co
11 months ago 0 points (+0 / -0 ) 1 child
I didn't say AVERAGE interest rates. "Average" implies that people were paying higher rates and lower rates.

My parents could only get their modest home for their 6 kids at 30% when they moved in 1980.
HarlechMan on scored.co
11 months ago 0 points (+0 / -0 ) 1 child
You said "interest rate was 30% in the 80s"...any reasonable person would assume you're talking about some kind of a average rate for the decade or a base rate like Fed prime. Nobody is going to assume you were talking about your family's personal rate from specifically the year of 1980...ugh.
MI7BZ3EW on scored.co
11 months ago 1 point (+0 / -0 / +1Score on mirror )
> any reasonable person would assume

Any reasonable person would read what I wrote and not add or subtract words arbitrarily.
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