Re:Ever-increasing home values are a Ponzi scheme
by handmodel on Monday June 21, 2021 @07:11PM
(#27585745)
That sounds like it is affordable and profitable if you are in the top half of incomes.
In that situation - a renter who made ~40k a year (in today's dollars - probably 30k in 1990 dollars) in 1990 could not afford a single family home and had to deal with expensive rents (because the city didn't allowed apartments buildings where there was demand).
In that situation - a renter who made ~40k a year (in today's dollars - probably 30k in 1990 dollars) in 1990 could not afford a single family home and had to deal with expensive rents (because the city didn't allowed apartments buildings where there was demand).