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Sweet Spot
(lemmy.world)
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this post was submitted on 09 May 2025
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Interest rates peaked in '81 at 18% and yes that brings it closer to today's % of income...but it plummeted within a few years.
And housing/mortgage stuff isn't the only part in this equation - the bottom 90% of the country has been getting significantly less for their labor since Reagan. Money is hoarded and wages have not kept up with inflation