/biz/ - Business & Finance

>>12568618
This ironically is my dad for the house part. "Back in my day when I was 21 I had 8 houses, where are your houses son? Dad a house back then was significantly cheaper and people weren't vetted. Back then they'd let you buy a house without proof of funds or pay stubs or anything but that caused the crash so banks actually check now to see if you can make the payment, before the bank would let you loan especially if they knew you wouldn't be able to pay it back because they'd take the property plus all the payments you've made and resell it and rinse and repeat. Back in 95 a house like this would cost around 20-30k, its like inflation doesnt exist for boomers.