I don't know what else to take away from this, but the rising interest rates seem like a nail in the coffin of my chance to own a home. Chances were slim because of how crazy expensive homes are, but add a 5% mortgage on top and it's impossible
I looked at a graph of housing prices in my town, and it turns out they've gone up by around 1000% in 3 decades. I know someone who bought a house in the 70s for less than $10k which is now worth over a million. That's some serious wealth concentration.
Future generations will be strictly divided between failchildren and everyone else (who will never be able to afford a home)
I don't know what else to take away from this, but the rising interest rates seem like a nail in the coffin of my chance to own a home. Chances were slim because of how crazy expensive homes are, but add a 5% mortgage on top and it's impossible
Affordable housing is a historical aberration that boomers took for granted and ruined.
I looked at a graph of housing prices in my town, and it turns out they've gone up by around 1000% in 3 decades. I know someone who bought a house in the 70s for less than $10k which is now worth over a million. That's some serious wealth concentration.
Future generations will be strictly divided between failchildren and everyone else (who will never be able to afford a home)
Home prices will fall because nobody else has access to cheap mortgages anymore either.
deleted by creator
:inshallah: here's hoping