My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable

  • EatATaco@lemm.eeEnglish
    8·
    2 months ago

    I bought 5 years ago when it was still reasonable. I have a great rate on a great house that has increased by about 50% since I bought it.

    I don’t want to, because this is just about the perfect size house for us in a great location, but I can’t really “trade up” as the interest rates are through the roof and everything is more expensive too.

    • 667@lemmy.radioEnglish
      21·
      2 months ago

      If your circumstances change, you can make a lateral move and invest the net profit in an index fund.