this post was submitted on 12 May 2024
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A Boring Dystopia

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[–] [email protected] 5 points 6 months ago (3 children)

If you don't have a home now you soon won't be able to buy one for a very long time.

[–] [email protected] 1 points 5 months ago

The cost of housing in my city, relative to median wages, is the highest it's been since interest rates were 18%+, and it ain't much better in any major city I can find work.

I think the ship has sailed on that one.

[–] [email protected] 0 points 5 months ago (1 children)

this thought pushed us to buy this year. Some instantly started mocking us for buying while rates are 6% - but nothing I can see on the horizon is going to halve rates in the near future.

[–] [email protected] 2 points 5 months ago* (last edited 5 months ago)

And if they do by some stroke of luck you can refinance

[–] [email protected] 0 points 5 months ago

Yeah, my boyfriend and I are in our mid twenties and still not moved out of his parents' house, but we just made an offer on a house and it was accepted, so fingers crossed.

Shit is already so rough, and yet it doesn't seem like it'll get better. It's a shame, really.