My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable

  • Asafum@feddit.nl
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    2 months ago

    printing press fired up in 2020 and real estate investors seemed to get plenty of that cash.

    Maybe I’m just ignorant, but in a just world that should have never been allowed to happen… I’m sure our politicians had nothingggg to do with that “oversight.” :/

    Thanks for the links!

    • jj4211@lemmy.world
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      2 months ago

      Generally speaking, one would have hoped for a better solution. To be fair though, we faced an unprecedented scenario in 2020, and for many of the indicators, the closest to precedent that we ever had was the Great Depression. So they did manage to dump truck enough money into the market to patch up the catastrophic drop of the stock market, and provide enough to keep the every day economy vaguely functional. Unfortunately the ‘fix’ was still very ‘trickle down’ style and ended up with an enduring imbalance favoring those already wealthy rather than some alternative that might have left folks on a level playing field.