Talk of The Villages Florida - View Single Post - AIR BNB investment bubble popping will pop the housing bubble?
Thread: AIR BNB investment bubble popping will pop the housing bubble?
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Old 08-28-2023, 12:27 PM
Papa_lecki Papa_lecki is offline
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Quote:
Originally Posted by Stu from NYC View Post
Do believe value of our home down due to higher interest rates.
Assuming a $3,000 monthly budget...

-2.65% mortgage rate in Jan 2021 could have bought you a home worth $641k.

-7.23% mortgage rate today could buy you a home worth $434k.

That's a $207k (32%) decline in purchasing power.