[LouAvul]

I bought a house right around that time at 14% interest. It seemed like a good idea at the time.

[plain talk]

“I bought a house right around that time at 14% interest. It seemed like a good idea at the time.”

In 1982 mortgage rates were about 17% or so. There was a deal on some new houses and they offered 13% interest rates which seemed like quite a deal at the time so I bought my first house. :-)