Lee Duna@lemmy.nzcake to Finance@beehaw.orgEnglish · 9 months agoHomes "unaffordable" in 99% of nation for average Americanwww.cbsnews.comexternal-linkmessage-square4fedilinkarrow-up185arrow-down10cross-posted to: personalfinance@lemmy.ml
arrow-up185arrow-down1external-linkHomes "unaffordable" in 99% of nation for average Americanwww.cbsnews.comLee Duna@lemmy.nzcake to Finance@beehaw.orgEnglish · 9 months agomessage-square4fedilinkcross-posted to: personalfinance@lemmy.ml
minus-squareflatbield@beehaw.orglinkfedilinkEnglisharrow-up4·edit-29 months agoI would not assume a few years of this means that it will never change. Housing prices and especially interest rates were unusually favorable since the 90s for decades. High interest rates do not tend to last forever.
I would not assume a few years of this means that it will never change. Housing prices and especially interest rates were unusually favorable since the 90s for decades. High interest rates do not tend to last forever.