So when’s the housing bubble bursting?

Helico-pterFunk

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DC_Dude

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BGOL Investor
30%!?!?!? Shit most people paying 60-80% of their income on a house unless you live in backwoods Alabama somewhere

Right. That has to be a national average. Living in DC, you paying atleast 50-60% of your salary on rent or mortgage.....If you know how to budget though, you should be good...
 

Helico-pterFunk

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BGOL Legend

Manhattan's average rent soared to record $5,588 in July​


New Yorkers are feeling the squeeze as rents hit a new high. Rent in Manhattan soared to a record-high average of $5,588 in July, up 9% from 2022. It's hurting tenants struggling to find apartments they can afford.



Really not good.
 

DC_Dude

Rising Star
BGOL Investor

Manhattan's average rent soared to record $5,588 in July​


New Yorkers are feeling the squeeze as rents hit a new high. Rent in Manhattan soared to a record-high average of $5,588 in July, up 9% from 2022. It's hurting tenants struggling to find apartments they can afford.

That’s the mortgage payment of a house close to like 700,000
 

praetor

Rising Star
OG Investor

Manhattan's average rent soared to record $5,588 in July​


New Yorkers are feeling the squeeze as rents hit a new high. Rent in Manhattan soared to a record-high average of $5,588 in July, up 9% from 2022. It's hurting tenants struggling to find apartments they can afford.


And they probably won't come down anytime soon if demand is high enough to sustain that.
 

Helico-pterFunk

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BGOL Legend



 
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