The price gap between renting and buying has hit the widest point since 2000

Comments

• Godnroc@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Oh, don’t worry, rents will go up and close that gap. Problem solved!

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  • Efwis@lemmy.zip ⁨1⁩ ⁨year⁩ ago

    Then we will end up with more people living on the streets as homeless as the cost far exceeds the income margin unless you are lucky enough to have a 6 figure income, which a lot of people don’t have.

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    • eee@lemm.ee ⁨1⁩ ⁨year⁩ ago

      who cares about the peasants? As long as the billionaires and shareholders can afford their second yatch… having to shuttle from the Barbados to Martha’s Vineyard frequently to visit their various summer homes is tiring, don’t you know?

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• Thorned_Rose@kbin.social ⁨1⁩ ⁨year⁩ ago

  What country?

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  • iAmTheTot@kbin.social ⁨1⁩ ⁨year⁩ ago

    There's only one country on the internet, don't ya know?

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  • Blastasaurus@lemm.ee ⁨1⁩ ⁨year⁩ ago

    US

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• Frog-Brawler@kbin.social ⁨1⁩ ⁨year⁩ ago

  Nonsense. Landlords will always push the costs of ownership on to their renters.

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• cooopsspace@infosec.pub ⁨1⁩ ⁨year⁩ ago

  In Australia it seems like the opposite.

  $2000 in rent? They’re basically asking for bank statements, payslips, work reference, ID and a whole bunch of fuckery.

  But can they afford $1600 on a mortgage? Nah bank will deny them.

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• static@kbin.social ⁨1⁩ ⁨year⁩ ago

  The median price of a home in the U.S. in July was $406,700.

  So I guess a cheap home would be about 200k. yea that makes it really hard.

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