return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 8 months agoAmerican Debt: The typical American household is now paying a record $1,583 a month in various loanswww.cbsnews.comexternal-linkmessage-square10fedilinkarrow-up19arrow-down10cross-posted to: [email protected]
arrow-up19arrow-down1external-linkAmerican Debt: The typical American household is now paying a record $1,583 a month in various loanswww.cbsnews.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 8 months agomessage-square10fedilinkcross-posted to: [email protected]
minus-squareFenrirIII@lemmy.worldlinkfedilinkarrow-up1·8 months agoMortgages alone should be like $1-2k alone.
minus-squarethemeatbridge@lemmy.worldlinkfedilinkarrow-up0·edit-28 months agoIf you bought when rates were low. With today’s rates, $2k per month buys you about $250k.
minus-squaremommykink@lemmy.worldlinkfedilinkarrow-up1·8 months agoAnd $250k buys you half a condo in a town where houses were $220k five years ago.
minus-squareClasm@lemmy.worldlinkfedilinkarrow-up0·8 months agoThe only things in that range around these parts are going to be burnt out husks of a house with a cheery “fixer-upper” in the listing title…
minus-squarecdf12345@lemmy.worldlinkfedilinkEnglisharrow-up0·8 months agoRent isn’t debt. Think of renter paying that much, plus that much debt and it’s only going to get worse
minus-squareFeminalPanda@lemmings.worldlinkfedilinkarrow-up0·8 months agoYea, my mortgage is around 900 and my car is 500 something but it’s also an electric car, then I have solar panels I’m paying off. I feel like 1500 is low.
Mortgages alone should be like $1-2k alone.
If you bought when rates were low. With today’s rates, $2k per month buys you about $250k.
And $250k buys you half a condo in a town where houses were $220k five years ago.
The only things in that range around these parts are going to be burnt out husks of a house with a cheery “fixer-upper” in the listing title…
Rent isn’t debt. Think of renter paying that much, plus that much debt and it’s only going to get worse
Yea, my mortgage is around 900 and my car is 500 something but it’s also an electric car, then I have solar panels I’m paying off. I feel like 1500 is low.