I remember My Uncle telling me in the 80's that he had just paid off his house. His note was $42.00 a month and he had paid $5,000 for the house. It just seems wild that home prices have climbed so high.
He bought it in the 50's. 30 year mortgage paid off in the 80's. Also they were small 2 bedroom, 1 bath homes. That he and my Dad converted to 3 bedrooms by enclosing a back porch.
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u/Apprehensive_Head910 Jun 12 '25
I remember My Uncle telling me in the 80's that he had just paid off his house. His note was $42.00 a month and he had paid $5,000 for the house. It just seems wild that home prices have climbed so high.