Quote Originally Posted by Maurice Swan View Post
On the other hand....I got my first house in 1972......these were the interest rates in the years following (mortgage rates near..)
Bank rate at year end (%)*
1972 7.38
1979 17
1980 14
1981 14.375
1982 10
1983 9.0625
1984 9.5
1985 11.375
1986 10.875
1987 8.375
1988 12.875
1989 14.875
1990 13.875
1991 10.375
1992 6.875
1993 5.375
1994 6.125
1995 6.375
1996 5.9375
1997 7.25
1998 6.25
1999 5.5
What proportion of your household income was taken up paying interest?

The average house price in the county I live in is north of 13x the median full time income.

You can have 'life was hard' but if you think that buying a house and maintaining payments on it then was harder than it is now then you are just plain bonkers.