A place to post news and have discussions about the housing crisis, its effect on people who are priced out, and what the future has in store.
Post news, share opinions and discuss potential solutions. Change begins with every new person.
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https://lemmy.world/c/rebubble
Not only that, in terms of the mortgage burden, a median house today is almost as unaffordable as it was in 1981 when mortgage rates peaked at 18.39%—and more than 3x costlier compared to 1970:
Hmm. Income column incorrectly formatted.
Who’s only paying 5% of their income for their mortgage? Many of these numbers seem incorrect.
I look at that table and see that even when it was the lowest in my lifetime I still couldn't afford a house. I am going to be a renting peasant for the rest of my life.