A buyer on a $3,000 monthly budget can afford a $419,000 home with a 7.7% mortgage rate.
They lost $38,000 in purchasing power since last October. They could've bought a $457,000 home with a 6.6% rate.
And they could have purchased a $595,000 home with 3.5% rates in 2022.
The #49ers paid QB Trey Lance $27.85M for only 262 regular season snaps, and traded three 1st round picks to move up and draft him 3rd overall.
(h/t @spotrac)
I ain't selling $penn at this price that's for sure. I think people are overreacting. I said it's a win win and I believe that. People panicking in the streets and reacting to fake news. I think it's on sale now. I'm not a financial advisor and I'm not part of $penn