“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.

  • @iopq@lemmy.world
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    8 months ago

    You’re going to pay it off in what, like 25 years? Yeah, it will be worth over a million by then.

    My dad bought his house for $600,000 in 2008 peak, and it is now worth maybe 2 million. It hasn’t even been twenty years and it’s more than tripled, despite being underwater on the mortgage in 2009 (owed more than market value)

      • @iopq@lemmy.world
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        8 months ago

        So? Someone spending $300,000 on loan shouldn’t complain about not having money. Maybe manage finances better?

        Like half the country should be so lucky to own their home