Jan 28, 2022
7:19:58am
7:19:58am
Monthly payment as a % of income is.about the same thanks to continued low rates. Hard to think rates stay at a point
that housing is as attainable as it is for young people if inflation continues as it is. Something will give. Either housing rates stay (relative to then) as affordable but COL goes up relative, or inflation slows and COL slows but mortgage rates climb.
The present shortage in housing coupled with increased investor/corporate influence on the residential RE market has led to a situation where eventually something has to give. And no matter what it is, it seems it will make buying a home harder to afford directly (rates) or indirectly (other costs too high to afford it).
The present shortage in housing coupled with increased investor/corporate influence on the residential RE market has led to a situation where eventually something has to give. And no matter what it is, it seems it will make buying a home harder to afford directly (rates) or indirectly (other costs too high to afford it).
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- unctoothman
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