@dirtcheapbanks This is most first time homebuyers btw.
The pre-COVID cohort bought the 3B/2Ba home and pays $2,600 a month.
The post-COVID first time buyer is looking at a $4-5.5K/month payment and a 2x larger downpayment FOR THE SAME HOUSE.
She should be thankful they have a home.
@FinancialPhys What’s funny is most people living in their home today who could afford it in 2019, could not affford it if purchases 2023 onwards. Way more than people would like to admit.
@wodehouserey@pavelsvitek_ It’s a fantasy. Devs don’t act as a unionized cohort. They have families, lives, goals, ambitions. Life was better when finance bros got to drink martinis at lunch and make $1M per year. But jobs change…engineering is no different. They’ll either stay or change careers.