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Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 2 years ago

Pending home sales drop to a record low, even worse than during the financial crisis

www.cnbc.com

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Pending home sales drop to a record low, even worse than during the financial crisis

www.cnbc.com

Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 2 years ago
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Mortgage rates in October rose sharply, with the average on the 30-year fixed loan briefly eclipsing 8%.
  • Flying Squid@lemmy.world
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    2 years ago

    And such a sustainable one too! But hey, waiting for your parents to die so you can inherit their house is still achievable by many people!

    • EmpathicVagrant@lemmy.world
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      2 years ago

      Don’t worry they’ll downsize or sell long before that

      • Flying Squid@lemmy.world
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        2 years ago

        Only if their retirement savings run out and they have to rely on Social Security. But really, what are the odds that will happen?

        • EmpathicVagrant@lemmy.world
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          2 years ago

          • Flying Squid@lemmy.world
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            2 years ago

            The revolution would have to be pretty much global at this point. I don’t have much hope for that.

            • Snot Flickerman@lemmy.blahaj.zone
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              2 years ago

              The Arab Spring called… but the line got cut off and I’m pretty sure they got beaten to death.

              So… yeah.

        • Cows Look Like Maps@sh.itjust.works
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          2 years ago

          Assuming they haven’t cut social security by then to.

      • AbidanYre@lemmy.world
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        2 years ago

        Not if you never moved out.

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