☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 11 months agoThe US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec saysfinance.yahoo.comexternal-linkmessage-square22fedilinkarrow-up1131arrow-down110cross-posted to: [email protected]
arrow-up1121arrow-down1external-linkThe US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec saysfinance.yahoo.com☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 11 months agomessage-square22fedilinkcross-posted to: [email protected]
minus-squaretallwookie@lemm.eelinkfedilinkEnglisharrow-up4arrow-down1·11 months agoeh… wait long enough and the real estate bubble will pop - driving down prices.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up3·11 months agoMaybe for a few years, it took about 7 years for almost all the country to get back above 2008 prices.
minus-squaretallwookie@lemm.eelinkfedilinkEnglisharrow-up1arrow-down1·11 months agoyep. a few years is all most folks need - those that could afford to own real estate (not just purchasing, but the upkeep of and ability to pay taxes on).
eh… wait long enough and the real estate bubble will pop - driving down prices.
Maybe for a few years, it took about 7 years for almost all the country to get back above 2008 prices.
yep. a few years is all most folks need - those that could afford to own real estate (not just purchasing, but the upkeep of and ability to pay taxes on).