re: #185 reuven

When I graduated college, mortgage rates were double digits (and you could get 5% interest on your checking account).

You could get a house on long island for $65K, and people made $30K. And they could afford them.

Holding interest rates artificially low to prop up house prices at the expense of savers is one of the most disgusting things being done to to the American people today. But since only a tiny fraction of Americans are “savers”, nobody cares.

Wages have not kept up with inflation or the cost of living. As we all know, they have been stagnant for many decades now. While at the same time we’ve seen the earnings of the ruling upper classes skyrocket.