this post was submitted on 04 Nov 2024
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Housing Bubble 2: Return of the Ugly

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cross-posted from: https://lemmy.world/post/21603277

Houses in my area increases 82% in just 4 years

My salary didn't change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain't even a "good" home either. It was a 200k meh average ok home before. Now it's simply unaffordable

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[–] [email protected] 3 points 1 month ago

Weird how when there's always a buyer that doesn't care what the price is, prices keep increasing.