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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 2 years ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] AnnaFrankfurter@lemmy.ml 1 points 2 years ago

Oh I've a solution for this the average American can all go and try to buy home in that 1% are so it also becomes unaffordable. Problem solved.

[–] ohlaph@lemmy.world 1 points 2 years ago (1 children)

We purchased right before ar the beginning of the rate increases. A 10 year ARM. Hoping the rates stabilize by that 10 year mark or things might get expensive for a few years.

[–] shortwavesurfer@monero.town 2 points 2 years ago

Purchased at like 4.1% but absolutely refused an ARM. We have a fixed rate and absolutely nothing would ever make me get an ARM.

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