US Housing Affordability Hits Worst Point in Nearly Four Decades

Re:US Housing Affordability Hits Worst Point in Nearly Four ... by smeej on Monday August 21, 2023 @02:24PM (#37213411)

Isn't it already a liability to have debt on property that can't make you any money? Especially if you can't flip them because they're underwater?

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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by Someone1234 on Monday August 21, 2023 @02:27PM (#37213469)

Barely on a 3% mortgage. There's a reason a lot of investment companies are buying empty lots and putting storage units on them, they are just trying to break even on the business and expect the land itself to inflate over time.

If they purchased this property at e.g. 7% or more, you may have a point.

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