You couldn't have been over the age of 18 when Jimmy was President. 10% unemployment, double digit inflation and a 12.67% or more prime rate. A nice home in those days was around $100,000. At today's rate of around 6% a 30 yr fixed would cost you $599.55 a month principal and interest. The going rate at the time was around 13% at it's worst in 1979. That same home loan at 13% costs $1106.19. But it's definitely better to pay double for you home loan.

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When I was young, I'd grab my knapsack and go hiking up a mountain. Now, I need a nap in the sack to hike up my pants!