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/biz/ - Business & Finance

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>> No.56230881 [View]
File: 24 KB, 742x585, mortgage.png [View same] [iqdb] [saucenao] [google]
56230881

>>56230848

If you make the median income the median house is greater than 100% of your take home pay. There's no option to "buy now"

>> No.56174190 [View]
File: 24 KB, 742x585, mortgage.png [View same] [iqdb] [saucenao] [google]
56174190

>>56174109

>There are no good options

For me I'm just sticking to historical fundamentals. The general personal finance rule is a home that is more than 4x yearly salary is considered risky, and that's especially true in a high interest environment.

I make 65k per year and the MEDIAN home in America's mortgage payment is greater than 100% of my take home pay. Let me repeat that. THE MORTGAGE PAYMENT ON A MEDIAN HOME IS GREATER THAN 100% OF MY SALARY. In a sane world the median home price would be closer to 250k and not 450k. Housing prices are double what salaries can support.

In what fucking universe is this not a bubble? We are so detached from fundamentals and meanwhile inflation is ripping through and wages are actually going DOWN. No one has made a case for getting into the market now besides cliche and boomer platitudes. That's because there is no case. We have reached a precarious height and there's nowhere to go but down.

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