Blaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish · 9 months agoHomebuying activity is falling off a cliff (On a yearly basis, pending transactions were down by 18.7%)finance.yahoo.comexternal-linkmessage-square11fedilinkarrow-up169arrow-down12
arrow-up167arrow-down1external-linkHomebuying activity is falling off a cliff (On a yearly basis, pending transactions were down by 18.7%)finance.yahoo.comBlaze@discuss.tchncs.de to Personal Finance@lemmy.mlEnglish · 9 months agomessage-square11fedilink
minus-squareArtyTester@artemis.camplinkfedilinkarrow-up3·9 months agoFrom 1960 till 2022 the historical inflation rate has been 3.8% per year. If they have a loan for 2.9%, they are inflating away their debt, so the longer it takes to pay, the “cheaper” it gets while they are still getting all the appreciation.
From 1960 till 2022 the historical inflation rate has been 3.8% per year. If they have a loan for 2.9%, they are inflating away their debt, so the longer it takes to pay, the “cheaper” it gets while they are still getting all the appreciation.