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that in the early eighties, interest rates on homes had skyrocketed to 18% due to dramatic inflation in the seventies. However, this dropped the price of houses to $82,500, around $280,000 when adjusted for inflation.

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Fun Fact: that in the early eighties, interest rates on homes had skyrocketed to 18% due to dramatic inflation in the seventies. However, this dropped the price of houses to $82,500, around $280,000 when adjusted for inflation.

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