#inflation #youtube #yahoofinance
This segment originally aired on June 15, 2023.
Zillow Chief Economist Skylar Olsen spoke with Yahoo Finance anchor Julie Hyman about how inflation, mortgage rates are impacting the ability to afford housing for some.
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In the end, Biden administration and government useless.
I wish mine was 4%. My 2br apartment went from 2200 to 2800 and that’s EVERYWHERE around me.
Of course 3:30-3:36, they’re always going to blame Trump which is what children do, instead of being accountable.
Ok boomer
@Johnnyboycurtis lmao
trump will be accountable soon… in federal prison for multiple con’s.
@Johnnyboycurtisokay zoomer
They’re not going to come back down. This has to do with the Covid rent pause.
One of the things that’s squeezing a lot of people is that hedge funds have been buying single family and multi family homes and even mobile home parks. Then they jack up prices so many can’t afford to buy even basic starter homes. If they don’t sell, then they rent them out at inflated prices. And building something is also unaffordable for most because of the cost of building materials. Just another way for the wealthy who are the typical hedge fund investors to chip away at the Middle Class, what’s left of it anyways :- (
I couldn’t afford $2000 a month. Prices need to come back down. Growing at a slower rate is NOT acceptable
Trump and his puppet at the Fed built this damn mess
crash is on the way.. just some lagging indicators
The future is not home ownership, it’s forever apartments. Apartments are the only developments that are taking place all over the country. They don’t want owners, they want loaners.
Lemme get a 200k Luxury camper and a PO box and I’ll keep my paychecks thank you very much. Federal scam economy..
Rent dropping fools, but will rise next year.
Try living on only SSDI? $1200. a mobth doesn’t cut it.
Nice and homeless just like the United States of corporations likes it. “You will own nothing and be happy”. 🤨✌🏾🇺🇸
The rent decline is slow because the banks have already refinanced most MFRs at stable values since COVID and these owners must maintain the increased rents in order to pay their increased mortgages. The negative affects of COVID have been hidden or ignored during these refinancing, which could burst if rents drop and interest rates remain high. This has not much to do with supply and demand…
“Things work out best for those who make the best of how things work out.” *John Wooden
I read the comments..what data are you drunks looking at..clearly the rent has come down substantially over the last 3 months..wait until after the moving season.. in October rent will be in a free fall
How many folks make 8,000 a month?
I’m an older retired guy, was gonna downsize from the house I raised my kids in and rent, But not doing it now the way rents are, and have been going up. Back when I first moved out from my parents house, I and everyone I knew had to have roommates to get by. Now I see a lot of young people paying >$2k a month living alone because they’re making decent money. If more people shared rentals seems like that might bring down demand and maybe rents.
Past U.S. economy benefited greatly from mobility of the U.S. workforce. Now there is near zero mobility because of U.S. home construction policies. This will significantly dampen the strength and growth of the U.S. economy.