return2ozma@lemmy.world to News@lemmy.world · 7 months agoRenters' hopes of being able to buy a home have fallen to a record low, New York Fed survey showswww.cnbc.comexternal-linkmessage-square22fedilinkarrow-up1151arrow-down14cross-posted to: aboringdystopia@lemmy.world
arrow-up1147arrow-down1external-linkRenters' hopes of being able to buy a home have fallen to a record low, New York Fed survey showswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 7 months agomessage-square22fedilinkcross-posted to: aboringdystopia@lemmy.world
minus-squareGhostalmedia@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·edit-27 months agoCutting this out of my comment a few levels down since it probably contextualized things better for folks. —- In the USA, outstanding student loan debt is about $1.7T, credit card debt is $1.1T, while outstanding mortgage debt is about $20T
minus-squaregivesomefucks@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·7 months agoIt’s not about gross loan, it’s about interest and time to repayment together giving return on investment. Investment in mortgages has a very slow response time as well because they’re 30 years out. The recent skyrocketing of home prices also inflated it. But why would they want to maybe beat interest? Especially when there’s an asset involved, with a highly inflated price. This isn’t a simple thing, but if you’re going to look at one thing look at rate of change over the last decade or two of those numbers.
Cutting this out of my comment a few levels down since it probably contextualized things better for folks.
—-
In the USA, outstanding student loan debt is about $1.7T, credit card debt is $1.1T, while outstanding mortgage debt is about $20T
It’s not about gross loan, it’s about interest and time to repayment together giving return on investment.
Investment in mortgages has a very slow response time as well because they’re 30 years out. The recent skyrocketing of home prices also inflated it.
But why would they want to maybe beat interest? Especially when there’s an asset involved, with a highly inflated price.
This isn’t a simple thing, but if you’re going to look at one thing look at rate of change over the last decade or two of those numbers.