Housing costs continued to drive inflation in May, even as the annual growth rate reached its slowest pace since March 2021.   Consumer prices rose just 0.1 percent last month and are up 4 percent …
    • Thrashy@beehaw.org
      5·
      1 year ago

      I am genuinely at a loss as to the answer to this. Houses in my neighborhood used to run in the low $100k range, but since 2020 things have gone batshit. A house around the corner went for about $350k, and one down the street that the owners built for about $250k a few years back just sold for almost half a million, and my own little hovel has just about doubled its purchase price as well.

      I don’t mean to sell my neighborhood short, either – we like where we live, but like… the schools are terrible, the area across the street from us is a little sketchy, and just last week I had to call EMTs for a couple guys who were ODing in their car around the corner from me. If I bought the expensive place down the street, I would be splashing out something in the range of 60% of my take-home pay to live here, and I am well above the median income for the area.

      • AstralWeekends@lemm.ee
        1·
        1 year ago

        I just moved from an area where houses start around 350k to somewhere they start closer to 175k - going to try for it later this year. 100% involves other trade-offs, but to me they are worth it. Not for everybody though. I’m tired of struggling with shitty landlords and dumping my money into 0 equity - I’ll put that struggle toward a mortgage and repairs.