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62 sats \ 2 replies \ @SatsMate 12 Jul \ on: High Housing Costs, Gas Prices Keep Inflation Elevated In US econ
Where i'm at right now it is insane. It is about $700K for a middle of the road home here in North Phoenix. That's a $160K down payment when the average salary in this state is about $80K lol.
What's weird is prices are staying high/becoming elevated.
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13 sats \ 1 reply \ @gmd 12 Jul
Isn't it like 115 degrees out there as well? Crazy...
No incentive to bring prices down when everyone uses housing as their main investment vehicle. I guess prices will come down eventually with population collapse.
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99 sats \ 0 replies \ @Bell_curve 12 Jul
Phoenix was volatile in 2008 and 2012
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