this post was submitted on 03 Aug 2023
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Housing Crisis

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Housing today is nearly as unaffordable as it was in 1981 when mortgage rates hit 18% (sh.itjust.works)
submitted 1 year ago by [email protected] to c/[email protected]
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Not only that, in terms of the mortgage burden, a median house today is almost as unaffordable as it was in 1981 when mortgage rates peaked at 18.39%—and more than 3x costlier compared to 1970:

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[–] [email protected] 1 points 1 year ago

I look at that table and see that even when it was the lowest in my lifetime I still couldn't afford a house. I am going to be a renting peasant for the rest of my life.