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Miss Gayle

Home ownership is simply out of reach for the next generation.

And Wall St loves it that way.

sherwood.news/personal-finance

Someone who doesn't own their home isn't able to engage in climate mitigation and food security such as installing solar panels or putting in gardens and fruit trees.

They're held hostage by greedy a$$hats who will put as little maintenance and upgrades into the property that they can get away with.

Up, Up, and away Home prices soared in all 50 major metros in December A Redfin report found that Cleveland saw the biggest jump in December, as the budget-friendly market heats up. Hyunsoo Rim 1/22/25 11:01AM Per Redfin’s latest report, the median US home price jumped 6.3% year over year in December, with prices rising in all 50 of the most populous metros, the first time that’s happened since May 2022’s pandemic home-buying boom. What’s most remarkable about the continued rise in house prices is that it’s happening despite the fact that we’re no longer in the low-interest-rate era that dominated much of the 2012-2022 decade — the average 30-year fixed mortgage rate in the US shot past 7% again last week, a far cry from the ~3% level in 2021. Meanwhile, inventories simply can’t keep up with demand, new housing construction continues to fall, and many home sellers are willing to hold out for the price they want, having seen their neighbors sell for thousands over the asking price during the pandemic, per Redfin.
#Affordability#Housing#FoodSecurity
Jan 23, 2025, 10:19 PM·Public
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