Comment on Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

Sanctus@lemmy.world ⁨6⁩ ⁨months⁩ ago

• tootoughtoremember@lemmy.world ⁨6⁩ ⁨months⁩ ago

  The cost of housing in my city, relative to median wages, is the highest it’s been since interest rates were 18%+, and it ain’t much better in any major city I can find work.

  I think the ship has sailed on that one.

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  • some_guy@lemmy.sdf.org ⁨6⁩ ⁨months⁩ ago

    You don’t need shelter snowflake. /s

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• funkless_eck@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

  this thought pushed us to buy this year. Some instantly started mocking us for buying while rates are 6% - but nothing I can see on the horizon is going to halve rates in the near future.

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  • Juvyn00b@lemmy.world ⁨5⁩ ⁨months⁩ ago

    And if they do by some strike of luck you can refinance

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• breakcore@lemmy.world ⁨5⁩ ⁨months⁩ ago

  Yeah, my boyfriend and I are in our mid twenties and still not moved out of his parents’ house, but we just made an offer on a house and it was accepted, so fingers crossed.

  Shit is already so rough, and yet it doesn’t seem like it’ll get better. It’s a shame, really.

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