by betsharks0
> In September 2022, adjustable-rate mortgages (ARMs) made up around 9% of all new home loan applications to lenders, according to the Mortgage Bankers Association (MBA)
So are these people basically f***ed?
The median house payment in the US is now at $2,605/month.
This is up 19% compared to 2022 and the most expense median payment of all time.
Even more worrisome, the median house payment now is up a MASSIVE 67% from 2021 and 79% from 2020.
Buying a home has become a luxury. pic.twitter.com/qnRuBWRBqO
— The Kobeissi Letter (@KobeissiLetter) August 4, 2023
The wave of homeless we’re going to see in the next few years is going to be epic.
Meanwhile the border hoppers will be housed and taken care of, given whatever they need without question.
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