Oddbean new post about login | logout "The average home buyer needs to make over $110,000 to afford the average home... you now need a six-figure salary to buy the average home in 23 states." https://m.primal.net/HqVc.mov
Now, I was lucky and "inherited" a house my grandfather built. The catch was that it was neglected and basic maintenance wasn't kept up. Ripped off and replaced the roof before I could move in. The cost of building materials to fix up homes is also continuing to increase. I've got a home but damn if it didn't need about $80k in repairs
Bruv, try living in London! I pay £2k per month for a 2 bed flat! (Apartment in Americanese) To buy it would be £600k
Mate, that's savage.
It's not the price going up. Its the money becoming worthless.
I'm honestly sick of not living in a house, but I am petrified to make a decision under such circumstances. Is this organic supply-demand dynamics? Will it correct? Will there be some cockamamie government relief coming? I feel like the minute I sign is the moment before I could get a far better deal, so I just wait for this to play out.
Sooo $60 an hour or you live under a bridge? Damn thats harsh
We’re like 2 years away from news referring to the masses as peasants.
