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The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says (finance.yahoo.com)

submitted 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] tallwookie@lemm.ee 3 points 1 year ago (1 children)

eh... wait long enough and the real estate bubble will pop - driving down prices.

[–] ryathal@sh.itjust.works 3 points 1 year ago (1 children)

Maybe for a few years, it took about 7 years for almost all the country to get back above 2008 prices.

[–] tallwookie@lemm.ee 0 points 1 year ago

yep. a few years is all most folks need - those that could afford to own real estate (not just purchasing, but the upkeep of and ability to pay taxes on).