America’s housing crisis continues to worsen | CNN Business
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In America, home prices are at record highs while hundreds of thousands are homeless.
  • Clent@lemmy.world
    9·
    5 months ago

    Correct. In capitalism one must profit off the necessities of life.

    Also, when you buy a house, the cost of the mortgage is locked in…assuming you don’t do an adjustable rate mortgage which were never designed for long term homeownership.

    • Xanis@lemmy.world
      21·
      5 months ago

      Yessum. I knew someone who put 20k down on a house after saving for awhile, this was back in late 2010s. Locked in $385/mo. Still had the yearly taxes, which weren’t the worst.