Re:Lumber crash leads to 'blowout' sales as prices crater
by itsoktocry on Thursday September 16, 2021 @12:06PM
(#28553540)
>If people in Austin will spend 50% of income instead of a third prices can go up a lot
Exactly this. Somewhere along the lines in the past decade or so, it became completely normal to lend people 10x their income to buy a home, when historically that figure was 3.5x.
Exactly this. Somewhere along the lines in the past decade or so, it became completely normal to lend people 10x their income to buy a home, when historically that figure was 3.5x.