@return2ozma to News • 1 year agoHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comexternal-linkmessage-square24arrow-up1175arrow-down13cross-posted to: [email protected]aboringdystopia
arrow-up1172arrow-down1external-linkHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.com@return2ozma to News • 1 year agomessage-square24cross-posted to: [email protected]aboringdystopia
minus-square@Dkarmalink2•1 year agoNah the 13.5 accounts for a continued increase in home prices. If it didn’t it would be more than that.
minus-square@iopqlink1•1 year agoOh, that’s surprising, then But then again, I would not be surprised if the rates fell in the future, so if your mortgage is a few years locked in rates and then goes floating this may be still fine I’m talking more likely 7 years in the future, not like one or two, though
Nah the 13.5 accounts for a continued increase in home prices. If it didn’t it would be more than that.
Oh, that’s surprising, then
But then again, I would not be surprised if the rates fell in the future, so if your mortgage is a few years locked in rates and then goes floating this may be still fine
I’m talking more likely 7 years in the future, not like one or two, though