Buying a house, 1980s style

Somethings never change, but other things surely do. Real estate agents have traditionally been a newcomer’s source of information about neighborhoods, housing, and financing for home purchases. The North Carolina Collection recently received a map of Raleigh and Cary that was distributed by Merrill Lynch Realty in 1985. Along with information on roads, streets, neighborhoods, and parks, it included this handy mortgage loan calculator. I don’t know what’s more shocking, the interest rates or the implied house price. Click on the image and you can decide.

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