return2ozma@lemmy.world to

News@lemmy.world · 1 year ago

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

finance.yahoo.com

cross-posted to:
personalfinance@lemmy.ml

172

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

finance.yahoo.com

return2ozma@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
personalfinance@lemmy.ml

This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.

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Dkarma@lemmy.world
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1 year ago
Do the math tho.

First months last months rent and matching 1month sec dep on a place that’s 4k a month is 12k

5% down on a 240k house is…12k. Or 10% down on a 120k house.

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