A Boring Dystopia

9724 readers

1186 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

givesomefucks

312

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 1 year ago by return2ozma to c/aboringdystopia

47 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] blanketswithsmallpox 1 points 1 year ago (1 children)

Was about to say. Why kind of not 30 year fixed loans are they offering now?

Even paying an extra 1/4 of my mortgage monthly only reduces it to like 22 years vs 30 lol.

[–] blueeggsandyam 6 points 1 year ago (1 children)

It isn’t the amount of time it takes to pay off the house. It is the time it takes not to loose money on selling a house. The number was about 5 years when I purchased my home. You take the selling price of your home subtract the mortgage, taxes, and realtor fees. It now takes 13 years before you can sell your house and break even. This just makes investing in homes worse. It also makes buying a home more risky and inflexible.

[–] blanketswithsmallpox 1 points 1 year ago

Ahhhh now I get what you mean. Thanks for the clarification.