dkpseudo.bsky.social
Not affiliated w/ the actual OAS | non-academic | Southern California | he/him
👤 Joined on 23 September 2023
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Housing is more expensive than in the past - and today’s homebuyers are more likely to have expenses that prior generations didn’t, like student loan debt, childcare, and high auto debt. That alters the feasibility of spending 40% of your income on housing.
Show PostWhy buying a house feels so painful now — and your parents may not understand
Show PostWhy buying a house feels so painful now — and your parents may not understand - The Washington Post www.washingtonpost.com/business/202...
Show PostAt the all-time low, the national average rate for a 30-year mortgage was in the 2-percent range for much of 2020 and 2021. Those days are gone. And for would-be buyers, today’s old-is-new-again rates are painful, sometimes even prohibitive. Here’s why:
Show PostPage One: “.. median homes used to cost three times the median income or less in 75 of the nation’s largest 100 housing markets in 1990. Today, that’s true in only three out of 100 markets.” @washingtonpost.com
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