@sunforever18@KobeissiLetter St Louis Federal Reserve. Also most mortgages are fixed rate so when rates go up now it doesn’t impact the majority of existing mortgages. Only new mortgages. Also income is higher now too. So more debt doesn’t always increase DTI
https://t.co/QBY4lO0Ys8
@KobeissiLetter Good thing incomes at highs, unemployment at lows and % of credit card debt to income is nowhere near historical highs and is below pre pandemic levels. But I’m sure you’ll provide that critical context for readers soon and not just misleadingly blow the dog whistle…
@heIpfullandlord Same in the Bay. Just saw two properties clients were interested in go for $600k+ over ask, in the $4.5m+ range, in less than a week. Both turnkey on large, flat lots in A+ neighborhoods in Marin County.
@SMB_Attorney Well said. The amount of hate for anything remotely to do with “wealth” for no reason at all is holding people back. Having money and being a positive contributor to society aren’t mutually exclusive.
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@KobeissiLetter What’s included in “Bay Area” in the chart? SF’s median single family home price hasn’t been that low in years…and as of April 2023 it’s at $1.575m. Even at Jan 2023 trough it was $1.37m.