My parents sold real estate in Montana (yes that’s where I was born and raised!) in the 1980’s and early 90’s until my Dad passed away suddenly. They worked side-by-side every day, and when he died my Mom could just not handle going to the office without him and stopped selling.
I look back at the fact that when they were selling, interest rates were 12% on a mortgage! I mean really, can you even put your mind around that concept and what your mortgage payment would be? At today’s real estate prices I certainly can’t!! Well, I know I would not be selling real estate because who could buy? It would be a pretty small pool that is for sure.
Here’s a historic look at mortgages, interest rates and monthly payments on a $200,000 mortgage. Whew!
Thom Abbott
I'm a real estate broker living and selling the City lifestyle of Intown Atlanta Communities. From the high rise condominiums of Midtown and Buckhead to the bungalows and traditional homes of Chamblee, Brookhaven and Doraville, I enjoy introducing people to parts of Atlanta and everything they have to offer. I'll help you find the right home in any of these or other exciting Intown Atlanta communities that border Midtown Atlanta and The Gold Line!!
Follow Me:
Leave a Reply