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Started By
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re: The qualifying yearly income for a median-priced house in 2020 was $49,680.
Posted on 11/13/23 at 2:08 pm to HubbaBubba
Posted on 11/13/23 at 2:08 pm to HubbaBubba
quote:
So $10,962 + $12,600 = $23,562 more of your income is required every year now for the same home.
Because everything else costs more, which eats into your income, credit card debt is worse, etc.
Most people basically got huge pay cuts in the reshuffling that happened, even if their salaries didn't go down.
This post was edited on 11/13/23 at 2:09 pm
0
Posted on 11/13/23 at 2:09 pm to GumboPot
What if I told you that synthetic CDO's are on the rise since Biden took office? I'm not talking about plain CDO's which is already dog shite wrapped in cat shite, I'm talking the Selena Gomez of atomic bombs aka synthetic CDO's. No bueno, pop goes the chupacabra.
Posted on 11/13/23 at 2:17 pm to Volvagia
quote:True. My first home was at 8.5% interest and my second was at 7.25%. Then my third home was at 6.85%. This home, however, I refinanced at 3.25%. Could have gone even lower, but I didn't want to pay the fees again. It will be a long time before I let go of this mortgage.
True, but its not like interest rates now are high.
They are historically normal.
Posted on 11/13/23 at 2:22 pm to GumboPot
I bought a very modest home in 2020. If I bought it for the same price at today's average interest rate my mortgage would be over $500 more per month just due to interest. Freakin' nuts.
Posted on 11/13/23 at 2:41 pm to Loup
Home prices are dictated by the market. Cost to build, supply/demand.
Interest rates are trying to cover up poor fiscal policy.
Interest rates are trying to cover up poor fiscal policy.
Posted on 11/13/23 at 2:42 pm to baobabtiger
quote:
Homes are about 30% higher to build than pre Covid.
More.
Posted on 11/13/23 at 3:19 pm to GumboPot
Bidenomics helping "the little guy".
Posted on 11/13/23 at 3:25 pm to GumboPot
And boomers say it’s just as easy
Posted on 11/13/23 at 3:26 pm to OysterPoBoy
quote:
Did they mean medium priced?
Bruh
Posted on 11/13/23 at 4:09 pm to OysterPoBoy
quote:
OysterPoBoy
Expensive taste for someone as stupid as you.
Posted on 11/13/23 at 9:33 pm to GumboPot
Keep voting for democrats and rinos! We are almost there
Posted on 11/14/23 at 12:46 am to GumboPot
Median household wealth is up 37% since 2019 - adjusted for inflation.
Posted on 11/14/23 at 12:47 am to GumboPot
The interests rates are complete BS.
It’s wild to me that people are even considering buying a house right now at the rates out there.
When you have people that got in at 2.5% and now, it’s over twice that. Ain’t no way i would even pretend to buy a house right now
It’s wild to me that people are even considering buying a house right now at the rates out there.
When you have people that got in at 2.5% and now, it’s over twice that. Ain’t no way i would even pretend to buy a house right now
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