Housing prices are peaked. Still you can’t afford one

5 comments

1. Or lose one third to half of your paycheck to loan repayment, on top of worrying that your house is quickly losing value (especially since you bought recently), and you will be stuck with a loan for far longer than predicted.

2. Its bad when the prices are going up, its horrible when theyre going down.

   Its never good.

3. Of course you can’t afford one, they have peaked! Wait until they’ve bottomed.

4. It will get down very soon with the current interest rate hike. Buyer need to come with 30% of the total and they face much higher interest rate, so smaller budget. For current homeowner who have to sell fast (illness, divorce and stuff like that) they face a 20% loss of the value at least, then they’ll have less money to throw at a new house.

   I may be wrong but the way I see it, the immo bubble is going to burst soon in Luxembourg, but I still see the rent hiking up because less ppl will be able to afford a loan.

5. So I can’t be the only one who mainly works with people who are in their late 30s, early 40s – so no Boomers – which absolutely can’t understand how I can’t afford something?

   I hear like 2 times a week how stupid I am to rent something and they don’t believe me that I can’t buy something lol.