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A comment on Rocket Mortgage to trim 8% of workforce as home-loan market shrinks. Parent comment

Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by brianwawok on Thursday April 28, 2022 @07:57AM (#31191448)
Imagine if billionaires used the 28% rule.

Important to compare like renting a modest Apartment. If that payment that works for you is X, maybe 3X is too much house? Houses also take a lot of repair, and need things like new roofs and HVAC.

[ Parent | on HN ]
Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by treeman79 on Thursday April 28, 2022 @08:21AM (#31191614)
Billionaires buy houses by the thousands and then rent them out.

There are a few areas of the country where you basically cannot rent from a private party anymore. 90%+ are one of a handful of mega rental corps.

[ Parent | on HN ]