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re: Monthly mortgage payment based on a median existing home is now at a record $2,322
Posted on 8/24/23 at 12:04 pm to JohnnyKilroy
Posted on 8/24/23 at 12:04 pm to JohnnyKilroy
Is he wrong though? CC debt is through the roof. You can't honestly say that it is only due to inflation or stagnant wages.
Most people waste tons of money on shite they don't need. Or buy shite they can't afford. Look at the prices people are paying for Taylor Swift tickets.
Most people waste tons of money on shite they don't need. Or buy shite they can't afford. Look at the prices people are paying for Taylor Swift tickets.
2
Posted on 8/24/23 at 12:10 pm to Thib-a-doe Tiger
quote:
CC debt is through the roof.
Actually lower than it was pre-pandemic, in real terms.
quote:
Look at the prices people are paying for Taylor Swift tickets.
Economy must be booming.
quote:
Is he wrong though?
It’s just laughable that people on this site almost without fail cite “cell phones and internet” as a source of MAJOR consumer monthly spending.
It’s just weird. The way yall bring it up every single time you would think the average cell phone was 20k and internet plans started at 500/month.
The 150-200 a month people pay for cell phone, data and home internet is not even remotely close to many many other factors driving increased COL. shite I bet most people pay significantly less than that for those services.
Posted on 8/24/23 at 12:11 pm to Thib-a-doe Tiger
People can be generally terrible with money and the housing market can be unaffordable at the same time.
They are not mutually exclusive.
But let's not act like giving up Starbucks and buying a flip phone is all of sudden going to let someone making $40k a year buy a house.
The fact of the matter is home prices have risen way faster than wages. Expecting people today to be able to afford the same house that people even 10 years ago could is just asinine.
They are not mutually exclusive.
But let's not act like giving up Starbucks and buying a flip phone is all of sudden going to let someone making $40k a year buy a house.
The fact of the matter is home prices have risen way faster than wages. Expecting people today to be able to afford the same house that people even 10 years ago could is just asinine.
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