Shame my kids and grand kids who are just getting started will now be life long renters....
“ Shame my kids and grand kids who are just getting started will now be life long renters....”
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A bit early to make such a dire prediction 🙄
I bought a brand new house in 1980 with a 13% mortgage after hearing the exact same thing then.
(My next door neighbor there had an 18% mortgage)
I felt that way trying to buy my first house in 06. The prices here in central Jersey were ridiculous and it was apparent. I had the money to buy but decided this would have to collapse eventually. Come 2012 I bought my fist house in the same area for half the going 06 prices with a sub 2% interest rate. Tell the kids to hold tight!