evelinoz
2022-09-21 02:56:35
- #1
yes, that was my world, mid-80s, I was a single parent, receiving no child support from the father, had a well-paid job, and paid off my place relatively quickly. Interest rates were high, I paid off 3% plus special repayments. After 12 years I bought my second property. However, I didn’t go on vacation three times a year, (expensive) mobile phones didn’t exist back then, my car was new and paid in cash. People owned less, no LED bling-bling in the kitchen, no Wi-Fi with all that comes with it, etc. Sure, the houses were not insulated, but heating costs did not cause a big dent in the wallet, everything was moderate in the times of Chancellor Kohl.Of course, interest rates were higher, but construction costs and purchase prices were lower in relation to income.