@return2ozma to News • 27 days agoRenters' hopes of being able to buy a home have fallen to a record low, New York Fed survey showswww.cnbc.comexternal-linkmessage-square22arrow-up1153arrow-down14cross-posted to: aboringdystopia
arrow-up1149arrow-down1external-linkRenters' hopes of being able to buy a home have fallen to a record low, New York Fed survey showswww.cnbc.com@return2ozma to News • 27 days agomessage-square22cross-posted to: aboringdystopia
minus-squareGhostalmedialinkEnglish0•edit-227 days 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-square@givesomefuckslinkEnglish0•27 days 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.