Yes, it's normal when housing prices have massively inflated due to ultra-low interest rates, then rates returned to normal.
If DINKs can't afford it, what does that tell you about the direction housing prices will go?
If DINKs can't afford it, what does that tell you about the direction housing prices will go?
The ones with capital will buy them, and you will be renting.
And if you look at the capital buying up houses, it's a tiny fraction of all available housing out there.
The correct answer is - just like when housing prices went up with low interest rates, they'll go down with high interest rates.
Elites and wealthy boomers will keep soaking up resources, then prices may become volatile in a southward direction.
In the meantime, the current generation is frozen in place, unable to progress in a rigged game.