Quote:
Originally Posted by BA-XT
I know what you mean. Then house prices started to explode. I haven't done the comparisons with wages ect but I'd imagine most mortgages were around $70,000 back then? .
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Nah...top taxrate was 60%...not many could afford a 70k loan then.
Every dollar you earned over $675 a week you only saw 40c....
Mortgage repayments were in after tax dollars....ouch!