In 1981 DH left his job so that he could go to graduate school. I supported us working as an accountant and he had a partial scholarship, so no student loans. Did student loans exist in the 80's?
He graduated in 1983, got a job and within a month we bought our first house. Like cj posted we had our savings for the down payment in a money market account paying 16%-18%. We put down 25% on a house (4BR 2BA) that cost $60,000 so our mortgage was only $45,000. 30 year fixed at 12 3/8% which was a deal in 1983. Moved in in July 1983, got a new roof, carpeted, painted and wallpapered until I got pregnant in October. Our first son was born in 1984 and the next one in 1987.
We refinanced and shortened the term a few times when rates dropped, raised the kids and enjoyed being a family.
It's been 29 years and this week we got a new roof again. The first one in 1983 was a gift from my Dad who was a roof salesman. Nothing was leaking (yet) but after almost 30 years, it was time. The new one is so much prettier!
Thinking about this, I realized how fast that decade went. Pretty good all around, I remember being happy and busy with the boys in pre-school and kindergarten.