Mortgage rates were often 10% in 1990, making monthly payments a heavy lift even at lower prices.
The "Buying a House" debate: Is it really harder now? 🏠 buying power then vs now
In , a $100 shopping spree was a serious haul. Today, that same $100 only has about 25% of the purchasing power it used to. To buy what $100 got you in 1980, you’d need roughly $400 today . The Breakdown (Average Prices): Bread: $0.50 then ➡️ $1.93 now Eggs: $0.88 then ➡️ $4.95 now Gas: $1.13 then ➡️ $3.21 now Mortgage rates were often 10% in 1990, making
#BuyingPower #Inflation #FinancialLiteracy #Budgeting #MoneyTalk Option 2: The "Homeownership Reality" (1990 vs Now) buying power then vs now