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1983: housing crash and prime rate to 17%. A mortgage at 17% is not a good first half-decade, Meg!
The 80s sucked. Pop culture makes it look cooler than it was. Imagine going back time thinking it'll be cool only to end up impoverished and having to deal with a crime rate massively higher than today.
Well maybe if we put lead back in the gas, on the toys, and build the pipes out of it we could have that high crime rate again. If it wasn't for you SJW woke sissies we couldve turned everything into the 1993 Mario movie!
If you can't tell this is a joke I don't know what to tell you.
God, imagine how good everything would taste of we could just get lead back into everything. Paint chips are back on the menu!
And yet houses were affordable. The rate of home ownership was 65.6% in 1980 and was 65.6% in 2024 as well. The Volker shock started under Carter and continued under Reagan was much more impactful in the strong growth economy to follow than the Reagan tax cuts.