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re: If trump wins I think housing rates will drop

Posted on 5/12/24 at 8:14 am to
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3170 posts
Posted on 5/12/24 at 8:14 am to
quote:

I wasn't around in those years so I can't really say for certain but I'm talking more along the lines of a house that was bought for 100k in 1992 selling for 300k in 2019 and being worth 475k in 2024. 5-8% of that number is a huge deal for anyone trying to enter the homeowner market. I'm not saying it's wrong, i'm saying it's damn near impossible for young people to own that first home


Especially since private equity is snatching them up cash, which continues contribute to current insane home prices.

First-time buyers…can’t.

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