Al

So you bring up a great point.

Your parents have told you in the 80s their mortgage interest rates were 10% and 12%.

So their mortgages were very high, I'm sure, but the cost of living wasn't as high.

Now, salaries weren't as high either, so I get that.

I think the difference is, you know how you always do the discrepancy between...

Like you bring up John Harbaugh's making $20 million a year.

He can go out and buy a $5 million home, pay cash.

He still has $15 million left over.

For the one year.

Right.

Most people buy a home that have to spend 30 years paying it off because it's so far above what they make annually.

I think to some degree.

The salaries, the cost of living is far exceeding the rise in salaries.

And so the gap is widening, not to the extent of the crazy salaries and then the mortgage we're talking about.

But I just think that gap has gotten bigger and bigger and bigger as expenses have grown.

And while you get raises, they don't quite keep up with the inflation of the expenses.

That makes sense.

Right.

Five years later, six years later.

Now you're on the good side of it because you've got a tremendous amount of equity in your condo.