Episode 204: The Good Old Days
Words & Numbers
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The Real High Mortgage Rates
In 1955, the average American house was 1100 square feet; today it's approaching 3000. Mortgage rates were about 18% in 1980 and people couldn't afford to pay that rate of return on their money. Today you should go out and buy the biggest palace you can find," he says. "That's just crazy"
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