Pay Raises Are Finally Beating Inflation After Two Years of Falling Behind - eviltoast
If the trend persists, it gives Americans leeway to propel the economy through increased spending, which could help the U.S. skirt a recession.
  • ClarissaXDarjeeling@lemmy.world
    6·
    1 year ago

    I don’t think this is true at the moment (with interest rates) or in cities, as a rule. A 2-bedroom apartment rents for $3K but sells for $1M+ where I live in the Boston area, so a mortgage payment would be at least double our rent :(

    I’m at the point where I very much want to own a home - emotionally - but it’s hard to justify financially.

    • Turkey_Titty_city@kbin.social
      3·
      1 year ago

      yep. my apartment is 2500 a month. but it would sell for almost a million bucks.

      2500 gets me a 400K house at best, which is a tear-down.