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nirvana
Joined August 2022
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LÁndlord🕷️ retweeted
THE COMMERCE DEPARTMENT JUST RELEASED NEW HOUSING DATA AND IT'S DEVASTATING.
Home prices up 52% since 2020.
Average mortgage interest rates up 110% in the same period.
Meanwhile median worker salaries up only 14%, property insurance up 45%, real estate taxes up 31%.
Your income grew 14%. Your housing cost grew 52%.
The math is brutal: you're getting priced out of shelter every year even when you earn a promotion.
You can't frugality your way out of this. The housing market is rigged so working families can never afford to buy.
That's not market forces. That's structural failure.
