Zach M. Stafford | Website

Transcript

Comic in 4 Panels

Panel 1: A young bright-eyed man stands in front of a house.

Grandpa: I’m going to buy a house!

Panel 2: The young man is now old and bespectacled. He’s telling this story to his grandson, who is listening politely.

Grandpa: …and that was how I bought my house when I was 23!

Panel 3: Grandpa’s story turns into a yelling rant

Grandpa: I WORKED AT THE DRIVE-IN ALL SUMMER FOR THAT HOUSE!! NOBODY WANTS TO WORK ANYMORE!

Panel 4: Grandpa watches as his grandson unplugs a cord from the wall with a * POP *

Grandpa: …why are you unplugging my lamp?

Grandson: I’m just practicing

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Footer:

Pervis

Zach M. Stafford

  • krisevol@lemmus.orgEnglish
    4·
    10 hours ago

    I bought my house with my military sign in bonus. I got 20k that i put into the s&p. After college it was 40k. My house was 120k.

    Then the federal reserve made the choice to raise housing prices like crazy by lowing interest rates to 0.25% (1.9% apr for houses) and my house blew up to 500k.

    Low interest rates have killed the market for anyone to ever buy a house now. They really need to raise rates to 10% before housing becomes affordable again

    • Nighed@feddit.ukEnglish
      4·
      7 hours ago

      The problem is all that will do is freeze the housing market. If the prices have dropped through the floor, people just don’t sell (unless they are forced to)

      • OwOarchist@pawb.socialEnglish
        4·
        7 hours ago

        If the prices have dropped through the floor, people just don’t sell (unless they are forced to)

        The good news is that people often are forced to sell, either because they’re moving to a new city, or because they died and now their kids need to unload the house.