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Homebuying activity is falling off a cliff (On a yearly basis, pending transactions were down by 18.7%) (finance.yahoo.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] ArtyTester@artemis.camp 3 points 1 year ago

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.