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I welcome it, as metropolitan home prices are comically out of reach for nearly all income levels.
by nickgrosvenor 7y ago
I welcome it, as metropolitan home prices are comically out of reach for nearly all income levels.
- cheez 7y agoPeasant. You can't afford 1 million for the average family home? Maybe you shouldn't be alive. (This is sarcastic)
- notathrowaway27 7y agoWhile I agree, wouldn’t a recession caused by rising interest rates keep housing unaffordable for these same buyers? Since getting a loan would then be more expensive.
- pmart123 7y agoHousing prices would likely fall in that scenario. In the early eighties, homes values were cheap, but mortgage rates were expensive.