Does Anyone Have Stories About 1970s-1980s Real Estate Investing?

[Tekoa Da Silva]

Does anybody have stories about investing in real estate (any kind) during the volatile 1970s-1980s? Any idea how the inflation & high interest rates affected the RE market/s? 

Thanks for any comment! 

[Jay Hinrichs]

Quote from @Ken M.:

Quote from @Tekoa Da Silva:

Does anybody have stories about investing in real estate (any kind) during the volatile 1970s-1980s? Any idea how the inflation & high interest rates affected the RE market/s? 

Thanks for any comment! 

There was no internet. No iPhones, No printers. Everything was hand typed, and xerox'd.
Everything was closely guarded by real estate agents and their weekly published MLS listings in black and white.
Gas lines were two hours long to get half a tank.
We were told interest rates would never go below 6%, the current rate was 8%

What did you have a question about? That's a long time ago in a different world.

well 70s was carbon paper..  and rates were about 9% .  Listings were published in a book and realtors kept all the keys in their office there were no lock box's  you had to go to the listing brokers office and check out the keys. 

Amortizations were all done in the little book that title companies handed out.. rates went from 6% as noted to 24% ..  and were done by 100.00 incredments and by year time frames 

so if you wanted to know the payment on a 45k loan at 10% for 7 years you found the 10%page and then 40k ( went up to about 200k)  then the 5k the payment was spelled out and you added the two together to get the monthly payment.. ONLY lenders had computers to figure out apr etc.  I used that book for all my seller finance contracts and bout wore it out.. most of my seller carry in those days was 10% to 18% for 5 to 10 years..