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William Shatner on mortgages - Marginal REVOLUTION
Ok math whiz: a $85k 30 year mortgage with 12% interest in 1985 actual total cost was $315k. A $315k 30 yr mortgage today at 3.8% is $525k total. $315,000 in 1985 is equivalent in purchasing power to about $751,664.36 in 2019. So it’s cheaper today to buy a median price home🤷🏼♂️ https://t.co/W0tXSMUjmS — […] The post William Shatner on mortgages appeared first on Marginal REVOLUTION.