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Homes Are Unaffordable for Wage Workers in 71% of U.S. Counties
submitted 6 months ago by magnora7 from us.politsturm.com
[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 0 fun5 insightful - 1 fun - 6 months ago (0 children)
Same here in Europe. Looks like having a home is becoming reserved luxury for the wealthy. Wage slaves shall stay in their wage slave KZs.
[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 6 months ago (0 children)
100 k for a stack of wood on a slab of cement
[–]compultantuser 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 6 months ago (0 children)
Asset inflation can't go on forever. Home prices are inflated by historically low interest rates.
If we want houses to become more affordable we need somewhere more productive for capital to go, and to raise interest rates.