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-square24fedilinkarrow-up1175arrow-down13cross-posted to: [email protected][email protected]
arrow-up1172arrow-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.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square24fedilinkcross-posted to: [email protected][email protected]
minus-squareDkarma@lemmy.worldlinkfedilinkarrow-up3arrow-down1·8 months agoNah the 13.5 accounts for a continued increase in home prices. If it didn’t it would be more than that.
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up1·8 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