Why It's Difficult To Own A HOME In 2024

[Irishwhiskeey]

The interest rate is bs housing market is out of control due for a correction the price compared to increase in our incomes just aren't mathing

[austinsmarr]

You don't know how economics works. The fed fund rate is not going to lower mortgage rates. The bond market sets rates and they will keep going up on the weakening dollar because of inflation.

[Agent_Missouri]

Does anyone believe we aren’t in a recession RIGHT NOW?

[AshK]

Its really wild to me that we call it a free market economy and act like the government is supposed to stay out of business and yet they have to manipulate these sorts of things to avoid market crashes. Like businesses get to do whatever they want the government just plays around with these outside factors trying to make the economy playable to the average person. Very strange to me

[BobbyD]

Cutting the rate is only to make kamala Harris look better but its still up 500% from trump

[worndown]

Id like to point out that the three largest banking collapses happened in 2023 when the Fed was raising rates, after the 3rd they stopped. What is more likely is that banks are starting to break again.

Dropping rates is just going to cause more inflation in the housing sector. It wont be more affordable. The only way that will change is if less people can afford homes and that happens when you have a recession.

[phlatz]

WE ARE GONNA REDUCE HOUSING COST FOR THE MILLIONS OF PEOPLE WITHOUT A HOME. WE WILL ALSO LET IN TENS OF MILLIONS OF IMMIGRANTS INTO OUR COUNTRY THAT WONT HURT THE HOUSING MARKET AT ALL🤓👆

[TheNewStew]

Wish they would of kept the higher rates for longer. I was stacking my money

[LucasSChiefsLightning]

The main reason why home prices got so expensive was because COVID screwed up the supply chain and fewer homes ended up being built than what would have been healthy.

Prices sky rocket when the supply stays the same, but demand continues to increase.

My parents bought land to build a home from scratch in late 2019/early 2020, but bailed after the cost inflated to about 30% more than originally expected.

This was because the cost for lumber and other parts sky rocketed.