Comments by "CalBob750" (@calbob750) on "Minority Mindset" channel.

  1. Once upon a time a three bedroom house, one TV, one car and once a year vacation was considered middle class. Before the advent of credit cards with 24% interest you had to go and apply for a loan and meet credit requirements which slowed the debt gathering process. Now that consumerism is at a feeding frenzy expenses rise to meet income.
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  2. On an historical note in 1981 you could get a 16% mortgage.
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