Quote Originally Posted by cuteguy View Post
It was 18-19% under Keating and people still survived paying mortgages.
Boomers had many advantages during those times. Free tertiary education being one of them.

https://youtu.be/PkJlTKUaF3Q

Having said that. When they finally die, there'll be a huge wealth transfer.

Back then houses were seen as commodities as opposed to an asset. Cars sometimes cost more than the home.