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Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: 'It could derail the next administration' (fortune.com)

submitted 7 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] Infamousblt@hexbear.net 26 points 7 months ago* (last edited 7 months ago) (1 children)

Sorry folks this is my fault. My partner and I and some friends have been saving for a decade to buy a home together and this is the year we finally had enough saved because it literally takes 6 people to buy a house in America these days. We'll still end up buying one at whatever interest rate we have to because we fucking have no choice now and then they'll tank so no worries it'll be fine next year.

[–] ryathal@sh.itjust.works 2 points 7 months ago

Buying a house is like planting a tree. The best time was 29 years ago, but the second best time is now.