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A comment on Lyft laying off 13% of staff. Parent comment

Re:Lyft laying off 13% of staff by nunez on Thursday November 03, 2022 @01:28PM (#33454408)
Adding context: the US Fed raised the interest rate benchmark this week to 4%, with the expectation that it will be raised higher. Credit's getting a lot more expensive.
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Re:Lyft laying off 13% of staff by Spivak on Thursday November 03, 2022 @02:32PM (#33455347)
Yep, don't even look at mortgages until housing prices drop in response to the rate increases. Because the amount of total money paid in interest over a 30 loan increased more than 2x over the last year.
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Re:Lyft laying off 13% of staff by nunez on Friday November 04, 2022 @02:16AM (#33462819)
honestly i think this is the "real estate bubble" folks were looking for

(it's not a bubble but housing might finally drop in price now that mortgages are so expensive)

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