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