The Fed now owns nearly 1/3 of all U.S. mortgages

Re:The Fed now owns nearly 1/3 of all U.S. mortgages by jdhn on Wednesday September 09, 2020 @08:45AM (#24420362)

>secondary cities (Grand Rapids MI)

Grand Rapids? Unaffordable? Are you looking at condos downtown? Here's[0] a 3bd/2br with 1800 sq ft that admittedly is outside of downtown a bit, but is under $1000 a month. This condo [1] is more expensive, but would be totally affordable if 2 people were able to pay $1250 in rent by themselves. Both of these were on the first page of Trulia results when I searched for Grand Rapids.

[0] https://www.trulia.com/p/mi/grand-rapids/1546-escott-ave-nw-...

[1] https://www.trulia.com/p/mi/grand-rapids/60-monroe-center-st...

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Re:The Fed now owns nearly 1/3 of all U.S. mortgages by jointpdf on Wednesday September 09, 2020 @11:48AM (#24422284)

A condo in GR is a possibility for sure, though you have to admit the market there has gotten ridiculous in recent years. Most of the decent houses near downtown get multiple offers instantly (same in Kalamazoo).

Is $1250/mo a realistic amount to charge a roommate in GR?

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Re:The Fed now owns nearly 1/3 of all U.S. mortgages by jdhn on Wednesday September 09, 2020 @01:37PM (#24423545)

If you really want that downtown life, then it may be realistic. It's definitely a lot cheaper than a corresponding condo of that size in a major city.

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