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re: Cost to buy = $2,700/month. Cost to rent = $1,850/month
Posted on 5/24/23 at 8:58 pm to deeprig9
Posted on 5/24/23 at 8:58 pm to deeprig9
quote:He sure will but...
Boomers were your age when inflation in the late 70's hit and our gasoline was being rationed. And now you are lecturing them about inflation
quote:
By 1981, inflation had risen to 9.5%. The Federal Reserve combated inflation by increasing the federal funds rate, an overnight benchmark rate that banks charge each other. Continued hikes in the fed funds rate pushed mortgage rates to an all-time high of 18.45% in 1981.
at those who think they've had it tougher than generations past. 
1
Posted on 5/25/23 at 1:46 am to Jake88
quote:
By 1981, inflation had risen to 9.5%. The Federal Reserve combated inflation by increasing the federal funds rate, an overnight benchmark rate that banks charge each other. Continued hikes in the fed funds rate pushed mortgage rates to an all-time high of 18.45% in 1981. at those who think they've had it tougher than generations past.
I hope you didn’t get too excited with the thought of posting these numbers as a “gotcha moment”, boomer. Seeing as how I already referenced them on the previous page.
I will say it’s always entertaining to see when someone’s point made early on continues to be proven as the thread goes on. LINK
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