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Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 10 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] Moonrise2473@lemmy.ml 2 points 10 months ago* (last edited 10 months ago)

Doesn't this mean that rent is too damn high?

In my country an average house that sells for 200k would be rented for 800 euro. It's 20 years, seems reasonable. Add taxes and the burden to pay all the maintenance and it becomes 25-30 years

Otherwise people would buy houses as an investment compared to a necessity