mate its not the interest rate but the size of the mortgages required to own a home these days.
I too managed to pay off my home in the 80s under those extraordinary high interest years. paid off after only 15 years.
lending was de-regulated and allowed excessive mortgages with very much less %age deposit resulting in super-mortgages. times have indeed changed and if you can't see the difference, well, there it is.
