☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 years 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-square22linkfedilinkarrow-up1130arrow-down19
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 · 2 years agomessage-square22linkfedilink
minus-squaretallwookie@lemm.eelinkfedilinkEnglisharrow-up3arrow-down1·2 years agoeh… wait long enough and the real estate bubble will pop - driving down prices.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up3·2 years 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-down1·2 years 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).