finance

Housing affordability is at an all-time low

🇧🇷🇺🇸 - Book: Making Things Think: https://holloway.com/mtt .Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph

This trend has been happening for some time. 1/3 of the homes that go to the market are bought by a hedge fund or a large corporation. It is a consequence of the fiat system. It is a massive bubble similar to the bond market.

Operator turned investor. Work in TradFi. Exploring the future of social investing @crossroads.  🟪

This trend has been happening for some time. 1/3 of the homes that go to the market are bought by a hedge fund or a large corporation. It is a consequence of the fiat system. It is a massive bubble similar to the bond market.

https://youtu.be/PQl4yvkWDys?si=dT63uWS34CLZgMd-&t=1251

Wages aren't going to increase enough to make up the difference and supply remains low. 

Hard to see where this leads. Nation of renters?

building @revealcam @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

will something break or is this the new normal?

ended up grabbing a place last year, hard to know what happens next

This is cool to me, a usurer. And it’s not like shelter is a basic human need or anything.

Heard two coworkers the other day bitching about how they should’ve gone with the 15 year, sub 2 back in ‘21…. Followed by “but I guess the 2 1/4 isn’t that bad”

The amount of interest paid on a home is ridiculous. We're paying for two homes and keeping one. As my Aunt says: it's highway robbery.

It’s tragic. 😔 The perfect storm for the housing market has been years in the making.  Low inventory coupled with relatively high interest rates are among the key factors that make this chart so painfully skewed for potential new home buyers.