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> Low home interest rates have helped first time home buyers. I hear it is almost impossible to buy a house in the US these days, what with private equity firm
by mellavora 5y ago
> Low home interest rates have helped first time home buyers.
I hear it is almost impossible to buy a house in the US these days, what with private equity firms bidding cash for everything.
> Stocks benefit pensions and 401k.
nice if you have them, but it is hard to invest if rent is 50% of your take-home (and not because you are living large, but because that's all that was available)
- prepend 5y agoYou hear wrong as every house gets bought almost immediately and while 10-20% are institutional, the rest are private buyers. This is also fairly new and interest rates have been 4% for almost 10 years long before the current situation. Rent is not 50% for most people. Yea, it’s bad for those people. But even then it’s possible to save. Most people have benefited greatly from this very positive economy. Not everyone, but most. Even if you’re minimum wage, the low unemployment has driven up wages