I more or less agree. The home price to income ratio in the US bottomed out in '74 at 3.62-ish. A healthy economy is between 4 and 5. The peak of the housing bubble was 6.78. Today it’s around 7.05. We are beyond cooked and this lady is out of her mind.
That’s a legitimate frustration. We don’t need to pretend interest rates were at a record low for the boomers to validate that.
michaelmrose@lemmy.world 1 week ago
Nobody said that they had low interest rates
obsoleteacct@lemmy.zip 1 week ago
Yes they did. That’s where this discussion started. In fact it was stated “record low interest rates.” You’re going to have to read the parent comments if you want to jump in the conversation midway.