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Thanks Zillow for making a straightforward article. FWIW, real-life experience matches the article. Current interest rates shave off about $100k+ in affordabil
by iJohnDoe 1y ago
Thanks Zillow for making a straightforward article.
FWIW, real-life experience matches the article. Current interest rates shave off about $100k+ in affordability. Explaining where the interest rates need to be for most regions for affordability is an easy way to show the situation. I do agree that a major economic downturn would need to happen and unemployment would need to rise to change things. However, these numbers are always manipulated which keeps us on a trajectory that is hard to reconcile with reality for most.