3 ms·
Mortgages are quite old. The rapid relative unaffordability of houses relative to median household income is fairly new. I suspect other factors are at play.
by lr4444lr 2y ago
Mortgages are quite old. The rapid relative unaffordability of houses relative to median household income is fairly new. I suspect other factors are at play.
- dartos 2y agoYeah, I think there are a lot of complex factors that’s causing the housing problems. Private equity, sure, but also the inflated cost of construction materials, realtor and land lord collusion, automated rent fixing, incentives for landlords to keep empty units rather than budge on rent. It’s a big mess
- ClumsyPilot 2y agoUK has reliable economic data for hundreds of years, housing is the most unaffordable it has been relative to income since the times of the Plague