Mortgage interest rates have nearly tripled in the span of just a couple of years amid inflation fears and strong economic growth.

  • @mayo
    link
    110 months ago

    It’s doable but the requirements are basically people who I would consider to have ‘made it’. It’s not really accessible for middle class when only the top end of the middle class have access to the whole package. People below that line can afford it, for a ways down the rung, but they need to chip away at the lifestyle until it is essentially living just above the poverty line.

    $600 groceries, a car, streaming services, double income salary, house, vacations… those are well off people by today’s standards.