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Yes, you were paying more % income tax in those days, but only 15% VAT.
The mortgage rate was higher, but inflation was high too, so your wages outstripped your mortgage, and the house prices were on the rise so your mortgage was "smaller" by the day.
I remember talking to an old work colleague who bought his house in 1974 for £34000, which by 1984 was worth £125K, and he had 14K left on his morgage to pay. That same house now would be worth around £270K.
Rob.
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