OnW

Housing Update: Underwater Loans, O'Neil's Plans

When I bought my home 50 years ago, it cost $20,000, and required a 15% down payment. At the time I earned $7,500 and had to save/save/save for several years. I did the same for my first car, TV, etc. And all my friends had to do the same. Was thrift in the 1950s a terrible hardship? Not compared with the depression years, or the war years.