Quote:
Originally Posted by goof2
Under current conditions it would slow sales down more than they already have, but really in the 70s and early 80s people were getting mortgages at 15% and higher. For shorter periods mortgage rates were over 20%. Homes were still selling under those conditions, even though those interest rates cost home buyers a hell of a lot more than removing the tax credit would.
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Cut that queer talk.
Next thing you know you'll be making up some bullshit about how people got rich when the top rate was 90%.