@SteveHarney I appreciate your optimism Steve but homeownership is getting completely unaffordable for many. We’ve had the 80% gain here in Southern Maine & unless prices fall back to reality it’s not sustainable at these interest rates. Just sayin’
@SteveHarney @NipseyHoussle Double digit gains every year forever! Even after housing costs account for 100% of income
@SteveHarney @NipseyHoussle Welp if that 5 year chart says so I guess I won’t look any deeper
@SteveHarney @NipseyHoussle Buying a few years after a crash when homes were relatively affordable & then having the fed hoover up MBS to keep rates <3% for 2 years turned out to be a great bet. But buying now after the biggest bubble in history and expecting the same results is nonsensical.
@SteveHarney That's great news. Because by the time I retire by $500k home will be worth $18 million.