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Re:The Rise of the Forever Renter Class by anonfordays on Tuesday May 07, 2024 @03:45PM (#40290654)
Adjusted for inflation, housing was significantly cheaper in 1990 than it is today.
Re:The Rise of the Forever Renter Class by listenallyall on Tuesday May 07, 2024 @08:48PM (#40293225)
Not the point. OP was jealous of the "nearly free money," i.e the low interest rate, not the amount borrowed.
Re:The Rise of the Forever Renter Class by mtalantikite on Wednesday May 08, 2024 @09:30AM (#40297912)
I'm actually not jealous, I'm happy for my friends that were able to buy. I just think it was a silly, shortsighted policy move. The 2% rate that people are locked into is only part of the problem of course. There's just not much inventory in NYC or in many other cities.