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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 years ago

The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says

finance.yahoo.com

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The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says

finance.yahoo.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 years ago
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To hit pre-pandemic affordability, either US incomes must spike, home prices have to crash 35%, or mortgage rates must come down.
  • GarfieldYaoi [he/him]@hexbear.net
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    2 years ago

    But then there’s the downside: you have to live in the midwest.

    • Psythik@lemm.ee
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      2 years ago

      I rather just lay down and die.

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