Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
Jump in the discussion.
No email address required.
Notes -
I think people need to stop assuming that conditions that are clearly due to extraordinary circumstances will continue indefinitely. We know why buying a house is difficult now. Mortgage rates are high because the Fed has raised rates to get inflation under control, and home prices are not adjusting downwards because people don't want to move and trade in their 3% mortgages for 7% mortgages.
Sooner or later, one of two things will happen:
Ideally we would also build a lot more homes, but that would require better voters, so don't hold your breath.
Also, the home ownership rate is currently 66%. The only time on record when it's been higher is 1997-2011, and even then it was only a little bit higher (the 2020 spike was just an artifact of pandemic-era polling practices). The percentage of people who don't own their own homes is about what it's always been.
More options
Context Copy link