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For starters women are far more likely to be tertiary educated and earning a lot more than before - the difference there would be significant. These women are often partnered up with other educated people as well. Almost a whole new high earning demographic group right there. They are also...

If everyone earned 80K or 66K then I'd see the problem. The reality is there are huge variables when it comes to incomes, just as there are house prices, ie, single 22yo on 50K, single 25yo on 400K (;)) young couple on 120K, young professional couple on 190K+. Then there are second and...

I think they'd take more care when there's more debt - more debt would mean smaller hikes for a similar effect. At the end of the day they'd want a slowdown , not destroy the economy. Also unemployment is low, unlike 20 years ago, and is likely to stay that way for some time, I would...

Interest rates were between 10 and 18% for many of those years. Affordability then was probably no different to now, in what a person was able to afford in interest repayments. Personally I remember things being pretty tough. This would have most certainly been one of the reasons for...