• IsThisAnAI@lemmy.world
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    25 days ago

    No, they did not increase 4x. Stop that, you sound silly.

    2 years ago I purchased.

    And while I understand your peer group may be struggling the group as a whole is still in largly able to afford homes over a 60% rate which is quite competitive in the Western world.

    Don’t get me wrong, we should strive to improve housing, it’s just not the dystopia that the memes and shitty media would have you believe.

    And the market isn’t crashing anytime soon (well with trump in office who the fuck knows). The last housing crash was fraud. This market is quite stable with good volume. It’s not a bubble.

    • inv3r510n@lemmy.world
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      25 days ago

      In vermont where I live, $150k houses are now nearly $600k.

      The market in vermont is a bubble. Full of wealthy people from NYC and Boston pushing out locals.

      The bubble WILL pop.

      • UnderpantsWeevil@lemmy.world
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        25 days ago

        When all the expats and retires decide to move back to New York?

        No no no. Those prices aren’t coming down any time soon. This isn’t 2008. There’s no flood of liar loans to default on. These are fixed prices going forward.

        • inv3r510n@lemmy.world
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          25 days ago

          Considering our health system is collapsing, I’m hoping they die / move back for healthcare.

          Or the stock market crashes and all of their play money vanishes.

      • IsThisAnAI@lemmy.world
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        25 days ago

        I very much doubt it. I doubt you’ll give me a zip code but there are incredibly few markets dealing with those increases. I won’t go to say it is impossible but it would be incredibly localized and an outlier on a national scale.

    • UnderpantsWeevil@lemmy.world
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      25 days ago

      No, they did not increase 4x.

      Really depends on your market. New homes on my street in Houston are selling for twice what they went for before the pandemic. If you’re in a hotter market, on the East or West Coast, prices are higher.

      And the jump from 3% interest to 6-7% interest following the pandemic raised monthly mortgage rates around another 1.5-2x (since taxes and interest are the lion’s share of the cost).

      • IsThisAnAI@lemmy.world
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        25 days ago

        95% is the national average and a good chunk of that was getting better. We’ll see what Trump does 😐