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Real Estate
Reply to "Remote work destroyed communities"
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[quote=Anonymous][quote=Anonymous]OP. I also telework but I stayed in my own house. Sadly, I can’t ever move now. I don’t make NYC or CA salaries and live in a low COL area that locals are now locked out of.[/quote] I think a lot of people are forced to stay put in their current house because interest rates shot up, making monthly payments go up by like $1,000. Before that, people were forced to stay out in their current house because housing prices were increasingly rapidly because of artificially low interest rates. Before that, housing prices were out of control because of creative financing, backed by the government. The housing economy you grew up in has not been attainable for nearly 30 years.[/quote]
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