The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.
  • Ghostalmedia@lemmy.worldEnglish
    11·
    6 months ago

    Cutting this out of my comment a few levels down since it probably contextualized things better for folks.

    —-

    In the USA, outstanding student loan debt is about $1.7T, credit card debt is $1.1T, while outstanding mortgage debt is about $20T

    • givesomefucks@lemmy.worldEnglish
      1·
      6 months ago

      It’s not about gross loan, it’s about interest and time to repayment together giving return on investment.

      Investment in mortgages has a very slow response time as well because they’re 30 years out. The recent skyrocketing of home prices also inflated it.

      But why would they want to maybe beat interest? Especially when there’s an asset involved, with a highly inflated price.

      This isn’t a simple thing, but if you’re going to look at one thing look at rate of change over the last decade or two of those numbers.