leekh

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4 tahun yang laludiscuss

Yeah, but look at the case-shiller or the house price to avg incomes[1]

Back in the 80's homes were 4-5x the avg income

2002 5-6x

Now 8-9x

I rather buy something on 12% that's 4x my income than what my option is today.

[1] https://www.longtermtrends.net/home-price-median-annual-inco...

leekh

4 tahun yang laludiscuss

What's going to give first? Interest rates? House Prices?

I was on the market to buy a place. First time home owner jitters, but interest rates started to rise fast. Buying power dropped so much that I'm dropped out. At these rates, I really need the price to drop by 20%-ish. I'm sitting on cash and it feels like shit. I wonder how other people feel.