You could buy houses in cash in half the cities in Ohio for 6 months unemployment + 3 stimulus checks. There are plenty of places like this in the US - Alabama, Mississippi, etc.
Sure - that is not the reason house prices in Marin are up 30%.
That's probably got more to do with central banks pushing up equities >30%. And probably because when you cut mortgage interest rates by 1 percentage point (which they did), you can afford ~15% more house.
In real terms - monthly payments for new housing purchases are down.
Sure, you could buy a house in the extremely small cities of Ohio with little to no jobs or economic future. I doubt many are. Almost all the population growth in the US is in major metro areas. If those cities are close to commute to Cleveland, Columbus, or Cincinnati, sure.
onlyrealcuzzo|4 years ago
Sure - that is not the reason house prices in Marin are up 30%.
That's probably got more to do with central banks pushing up equities >30%. And probably because when you cut mortgage interest rates by 1 percentage point (which they did), you can afford ~15% more house.
In real terms - monthly payments for new housing purchases are down.
forz877|4 years ago