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A comment on The Airbnb Bubble Popping Will Pop the Housing Bubble. Parent comment

Re:The Airbnb Bubble Popping Will Pop the Housing Bubble by AnimalMuppet on Monday September 04, 2023 @04:49PM (#37384926)
Depends on how you define "normal". My parents had a 4 7/8% mortgage on a house they bought in 1966. (The only difference is that they had a prepayment penalty. The 1970s and 80s taught lenders why they shouldn't put that in.)

So, depending on your time frame, the 70s and 80s were abnormally high, post-2008 was abnormally low, and 5%-ish is "normal". (I think, if you keep going back, 5% continues to be kind of normal, but I don't have the data in front of me.)

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Re:The Airbnb Bubble Popping Will Pop the Housing Bubble by delecti on Monday September 04, 2023 @05:15PM (#37385149)
> Depends on how you define "normal"

I think the housing market has been too variable over the timespan when it has really existed (~100 years) for there to even be a "normal". I do think your guess of 5% for the short-term future is probably not too crazy though.

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