The Mudcat Café TM
Thread #141188   Message #3248753
Posted By: bobad
01-Nov-11 - 05:11 PM
Thread Name: BS: Invest in Canadian gold
Subject: RE: BS: Invest in Canadian gold
"But, don't forget the 19.5% mortgage rates after the 1983 "oil crisis"."

That created a buyer's market. We bought our first house in 1982, when the mortgage rates were similar, for 65K and turned it over four years later for 131K allowing us to purchase our second house mortgage free.