On: Maybe treating housing as an investment was a mist...

[jalk]

Don't forget that the interest rate was around 10% in the early 1990ies

[triceratops → jalk]

Yeah that's one reason why houses in the 90s were more affordable.

[Scoundreller → triceratops]

Affordable for people planning on paying down the mortgage, but horrible for investors expecting to just refi and refi while maintaining a constant high double-digit LTV. Think about them! /s

[ejb999 → jalk]

My first mortgage was 10.5% in 1989.