How exactly is the economy “strong” and in “good condition” when the unaffordability of buying a house is above the level it was prior to the 2008 recession?

9 comments

1. Most people don’t move every year.

   Home prices in 2024 have almost 0 effect in my finances  and that’s pretty much true for every homeowner 

2. Congress is now too stupid to solve problems. We are all fucked.

3. Rates are high right now and they will come back down. The economy is a number of factors and not just the cost of housing.

4. Housing affordability is not related to how we measure the health of the overall economy. Economic measurements are at a macro level

5. So a strong economy is when everything is dirt cheap and super affordable?

6. Ever heard of the Gilded Age? The economy was super strong then but it only benefited 11 percent of the population

7. Because whoever kept interest rates at close to zero is an idiot and made the housing unaffordablity 10 times worse. So now you have to keep rates super high to slow down housing inflation which eats into everyday life. You may notice rents have stabilized and homes are sitting. That’s on purpose and once things get back to normal, rates will go down and the economy will looo stronger.

8. No single metric defines the economy.

9. You could be unemployed and broke too. Vote Trump.