Yeah, totally reasonable for prices to double, and rates to triple and then housing prices stay at elevated levels and never dip with higher rates. I for one welcome our wall street over landlords with open arms.
Prices didn’t double and yes rates tripling from historic lows is fine. Home ownership rates are up from a dip with millennials. Gen z is about on par with gen x.
According to the Census Bureau, 38.6% of those under 35 are homeowners; 62.6% of those aged 35-44; 70.5% of those aged 45-54; 75.7% of those aged 55-64; 79% of those over 65.
We should certainly try to make home ownership more attainable but it’s far from the hellscape and hyperbole.
Yeah, totally reasonable for prices to double, and rates to triple and then housing prices stay at elevated levels and never dip with higher rates. I for one welcome our wall street
overlandlords with open arms.Prices didn’t double and yes rates tripling from historic lows is fine. Home ownership rates are up from a dip with millennials. Gen z is about on par with gen x.
According to the Census Bureau, 38.6% of those under 35 are homeowners; 62.6% of those aged 35-44; 70.5% of those aged 45-54; 75.7% of those aged 55-64; 79% of those over 65.
We should certainly try to make home ownership more attainable but it’s far from the hellscape and hyperbole.
Not to mention property taxes have skyrocketed in my area. The rent soar is not yet done soaring. People are just getting hit with these taxes now.