Bidenomics!!!

[TomWall]

Americans Need to Earn 80% MORE Today Than Before Bidenomics Struck Just to Afford Buying a Home - 🔔 The Liberty Daily

If you love the news, check out The Liberty Daily's homepage. Home prices have seen a significant increase of 42% since 2020. The rise in both mortgage rates and borrowing costs has made it more challenging to afford a home in today’s market. As a result, prospective buyers need to earn 80% more...

thelibertydaily.com

 

[sussexcopirate]

This has nothing to do with Biden and everything to do with the Fed keeping interest rates artificially low for years plus a global pandemic that cause housing prices to skyrocket GLOBALLY.

 

[cernjSHU]

It also has to do with the effect of that artificial low interest rates. Most home owners now have low interest mortgage rates. I have 2.8% rate. Even if I wanted to move I won’t. Therefore, the supply in housing has dried up. There is not enough supply and pricing for homes continue to rise despite the higher interest rates. It’s a weird scenario.

This will resolve itself in a year. Interest rates will start to fall this summer. By next year you will see interest rates in the 5% range. That’s a good sweet spot. Prices will soften up and there will be more supply.

 

[sami]

There is no supply. Every listing brings a battle. I have 13 years left on a 2.125% mortgage. Selling won’t even cross my mind until 2037.

Even as rates drop, people will lean toward retaining incredible rates. Nearly free money.

 

[cernjSHU]

There is no supply. Every listing brings a battle. I have 13 years left on a 2.125% mortgage. Selling won’t even cross my mind until 2037.

Even as rates drop, people will lean toward retaining incredible rates. Nearly free money.

2.125% is incredible! Good for you.

 

[SHUSA]

i got in after. just happened to be the time in our life , which stinks because IR in the 2s is crazy. we got 5.7% and i chose to lock it in because i was one of the few who realized there is no such thing as "waiting for the IR to drop again"

5.7% is double what everyone else has , but on the lower side historically.

also, is this OP the same as the other spammer? its like he's using his main account after everyone ignored him.