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I’m also puzzled as to how we were better off at an interest rate 3 times what it is now and an average house value to wages rate of just under half what it is today. Seems we were still paying more pro rata.

I was born in 1960. I faced finding my first full-time job during the 1980s recession. My now ex and I paid the 18% interest rates and did so by setting aside my wage to pay the mortgage. As his wage was below average, there were only the occasional luxuries. He worked a second job to pay for an...