return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year agoHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comexternal-linkmessage-square43fedilinkarrow-up1302arrow-down15
arrow-up1297arrow-down1external-linkHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year agomessage-square43fedilink
minus-squareMoneo@lemmy.worldlinkfedilinkarrow-up3·1 year ago assumptions for closing costs, agent fees at the time of sale, home maintenance costs and interest payments Break even being your house has increased in value by the amount you’ve spent on those expenses.
minus-squarePoem_for_your_sprog@lemmy.worldlinkfedilinkarrow-up2·1 year agoSo it takes 13 years to get out from being upside down on the loan? Yikes
Break even being your house has increased in value by the amount you’ve spent on those expenses.
So it takes 13 years to get out from being upside down on the loan? Yikes