I mean yeah, here in the KY in one of the most underdeveloped towns, it's taking 3-4 people to afford a two bedroom apartment-- with two of those people being upper management in retail chains. The wages are ridiculous and the price of housing is exorbitant. It looks like across the board, the general strength of the economy is a top #1 or #2 issue, and with the wages across America addressed maybe housing could become slightly more affordable even in this inflated Seller's Market. Though, I will say, at least here in KY, we've had an issue with landlords from Florida buying up residential areas and even strip malls and charging Florida rent prices in the KY market-- making them barely affordable. It's not illegal, but man is it demoralizing.
@JimFlanagan-TomsRiverRealtor2 ай бұрын
Affordability is a real issue everywhere and there is no easy, quick solution. The FED left rates too low, too long and we printed too much money, so now we are over correcting and these are the consequences. The only cure is MORE supply of housing.