Homebuying activity is falling off a cliff (On a yearly basis, pending transactions were down by 18.7%) (finance.yahoo.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[-] [email protected] 3 points 11 months ago

From 1960 till 2022 the historical inflation rate has been 3.8% per year. If they have a loan for 2.9%, they are inflating away their debt, so the longer it takes to pay, the “cheaper” it gets while they are still getting all the appreciation.

this post was submitted on 28 Sep 2023

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