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According to @patrickbetdavid , he highlights a significant trend, stating that currently, it is 55 percent more cost-effective to rent than to buy. In his view, this doesn’t characterize a season for home purchases; rather, it signals a season for renting.

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goodwithinvesting

2024-04-14 15:36:20

it's fifty five percent cheaper
to rent than to buy this is not a buying season this is a renting season okay we raised four point eight eight percent
in the shortest amount of time ever in the history of america boom
like this
hoping inflation goes down sales of homes to the lowest in twenty years
mortgage applications
lowest in twenty seven years no one selling homes today
why are they not sell at homestead because they're still sitting on some cash
and they don't want to give up the three percent loan they got a year and a half ago okay let's just say i do sell this house i've got gotta go buy another house
but i gotta get that house at eight percent i'm not willing to do it why would i do it there is no motive to sell the house so either we need unemployment to go up
or we need people to run out of money
if people run out of money
and they're stressed out guess what they they do they're gonna sell the house