15% interest on a $100K loan is the same as 3% interest on a $500,000 loan, just saying - the amount borrowed, inflated by current house prices, is far more important than the interest rate (not to mention the price of a house today in terms of a multiple of annual income compared to the 1950s and 1960s). We can also point to the redistribution of wealth towards the middle class in the 1950s and 1960s which is currently being reversed, and have a whole set of arguments about everything related, but that should be in the economics threads.
What is at stake here is a voice to parliament for the original, and dispossessed, occupants of this land.
The Voice is a very modest change, a long overdue change, a change which leaves control in the hands of parliament. All the scare mongering and strange citing of the sacrifices of previous generations doesn't change any of this.
Let's get it done.
DS
PS: just as an aside, interest rates in the 1960s were between 5% and 6%.