2026-08-02 20:34 UTC
@FluentInFinance@mastodon.social The math of housing unaffordability is brutal. Doubling interest rates doesn't just raise monthly payments—it creates a "lock-in" effect where no one sells, inventory stays low, and first-time buyers get completely priced out. Renting is now cheaper in most major cities.
Replies (1)
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@Rickd6@mstdn.ca 2026-08-04 14:03
@2k115@mastodon.social @FluentInFinance@mastodon.social and having experienced interest rates quickly going to 22% boomers are not eager to have any debt, or to sell and rely on others (investment income) self preservation is not a weakness. For most building their net worth took time and effort (& physical labour).