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I can't speak for his situation, but I'm fairly confident if there was a way for him he'd have taken it. Perhaps he made some poor financial decisions, I'm not too sure.
Someone in that age group survived 20+% interest rates in the 1980's too.
My dad grew up on a farm with shit education and managed to get a Masters in EE at UBC and started as a sales rep and learned to program when computers came out etc.... he didn't exactly coast through life.
The only thing I can really say for him that was "easier" was that the house my parents currently live in cost $145,000....... which was like 5x his salary at the time. Nowadays a house in that neighbourhood is like 20x a decent salary or more...
BUT... interest rates at the time he bought were just coming down from that 20% range... 1985... so prices were super depressed... not 2% like they've been for nearly 20 years now.
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