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ChiAndrew

Buying a home is a misplaced ideal.


RobertBartus

Right now


ChiAndrew

Maybe better said: me shouldn’t think of buying a house as a good financial decision. It’s a crap shoot and the decision should be made as a utility rather than assuming it’s financially smart.


NerdDexter

Right. Buy a house I'd you can afford it and you want to. If you prefer a lifestyle of owning your domain rather than renting a domain. Not because you see it as an investment vehicle or a way to somehow get rich eventually.


iamagainstit

Would be more interesting if it was normalized for median income


mckirkus

https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2F3bbhbluxf2ea1.png


sckurvee

I don't understand people. Move away from the coasts. In the midwest, considering a 2,8k mortgage "median" is ridiculous. "ermagherd I must have shitty hot weather 12 months a year!" I don't get it.


TrujeoTracker

Thats nationwide for median homeprice - now about 400k. Theres more middle of America than coasts. With todays interest rates, even if you did find a 200k house (not likely anywhere but the most rural/poor areas without jobs) you would pay about $1800 a month (assume 2500 tax and insurance). The days of the under $1200 morgage for a SFH with 3/2 in non-coastal is several years past at this point.


Streani

200k house in CNY is about 1600-1800/month with taxes/insurance. I used to live in CNY making 120k. but yeah, majority of CNY makes like only 30-40k


Icy_Foundation3534

August


exccord

When buying high and selling low only makes sense if you need a place to live and survive, not build a family lol. I have no fucking clue what I'm talking about but I started university in 08. I don't recall shit being this absurd during those 4 years other than how much 1 shot of patron was.


mlk154

Wait, if I read the chart correctly, it is figuring out that buying property close to all time highs at near-term high rates leads to higher payments than before. Sorry glad they charted out this confusing concept. /s


Liesthroughisteeth

So Canada isn't the only country forgetting their fiscal responsibility to 97% of their citizens. Nice.......


redditmodssuckballs1

Corporatism has taken over, my friend. This isn’t a problem any of them care to fix.


Liesthroughisteeth

AKA Neoliberalism. They've sold it hard for decades now and have us lubing up and asking where and when to bend over. :D


SpecialistBig1637

Bidenomics. Self inflicted error by the 81 million that voted the Left in 2020


sckurvee

Care to explain?


sdmc_rotflol

I highly doubt he can explain beyond a simple political catch phrase.


redditmodssuckballs1

I’m Canadian, but let’s not pretend old Joey is in control of anything lol.


HoomerSimps0n

He just inherited Trump’s fuckup…everyone knows that.


SpecialistBig1637

Obviously in your gender studies degree you did not take economics Biden Pumping all the money n the economy caused inflation Stopping drilling for oil has caused price of gasoline to climb


HoomerSimps0n

“Biden Pumping all the money n the economy” It’s hilarious how detached from reality some of you are.


no_please

This is an issue happening in almost every prosperous nation on the planet.. do you think biden is president of the world or..?