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10% return is how I was able to get a hefty down payment for my home in the early nineties.
Now you have to take risks on the stock market if you want any kind of return.
It's not good, me thinks this will blow up badly.
Too many shopping centers, no real jobs and easy money..
The Shop
Thus when I was earning 10% on my deposits mortgages were low teens at most.
When I got a 7% year rate in '93 I thought it was dandy !
A body man I know up here was making 20% on his money back then,
his home had very little mortgage if any.
Clear money when they are paid for, guess you have to scramble to make up
expenses at that point. Good for you man.
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