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(Fortune)   Home prices set to plummet from unaffordable to significantly less yet still unaffordable. That can only mean one thing: your rent is going up again   (fortune.com) divider line
    More: News, Late-2000s recession, Great Depression, Goldman Sachs, Morgan Stanley, Business cycle, National home price declines, Subprime mortgage crisis, Financial crisis of 2007-2010  
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980 clicks; posted to Business » on 04 Oct 2022 at 1:15 PM (16 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-10-04 1:28:39 PM  
3 votes:
Oh, does this mean we're going back to the bitterly ironic situation where my friends' mortgages are significantly less than my rent? Because that was super, duper fun.
 
2022-10-04 1:59:28 PM  
2 votes:

espiaboricua: Five percent? Ten Percent?

Blah... our house has appreciated so ridiculously much since we moved in (2014) that the housing market around here (DFW) can drop by 50% and our house would still be worth more than what we paid for it.


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Texas. The only way to win is not to play on texas. evar.
 
2022-10-04 1:30:37 PM  
1 vote:

austerity101: Oh, does this mean we're going back to the bitterly ironic situation where my friends' mortgages are significantly less than my rent? Because that was super, duper fun.


No, because their interest popped by several full percentage points.  On a $300k house, it means a LOT more cost per month.
 
2022-10-04 2:03:50 PM  
1 vote:
Housing can be one of the following:
- a profitable investment
- affordable

We keep choosing the former, to our society's detriment.
 
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