@return2ozma@lemmy.world to News@lemmy.world • 8 months agoHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comexternal-linkmessage-square22fedilinkarrow-up1161arrow-down13cross-posted to: personalfinance@lemmy.mlaboringdystopia@lemmy.world
arrow-up1158arrow-down1external-linkHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.com@return2ozma@lemmy.world to News@lemmy.world • 8 months agomessage-square22fedilinkcross-posted to: personalfinance@lemmy.mlaboringdystopia@lemmy.world
minus-square@Dkarma@lemmy.worldlinkfedilink2•8 months agoNah the 13.5 accounts for a continued increase in home prices. If it didn’t it would be more than that.
minus-square@iopq@lemmy.worldlinkfedilink1•8 months agoOh, that’s surprising, then But then again, I would not be surprised if the rates fell in the future, so if your mortgage is a few years locked in rates and then goes floating this may be still fine I’m talking more likely 7 years in the future, not like one or two, though
Nah the 13.5 accounts for a continued increase in home prices. If it didn’t it would be more than that.
Oh, that’s surprising, then
But then again, I would not be surprised if the rates fell in the future, so if your mortgage is a few years locked in rates and then goes floating this may be still fine
I’m talking more likely 7 years in the future, not like one or two, though