A Boring Dystopia

9606 readers

1578 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

givesomefucks@lemmy.world

274

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 11 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

38 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] felixthecat@lemmy.whynotdrs.org 1 points 11 months ago (1 children)

Probably the payment went up because of the taxes or insurance. Or maybe they didn't have an escrow account and didn't pay taxes or insurance and it was force placed.

If you have a variable rate it could also go up for that reason. But most people when rates were low had fixed rate mortgages.

[–] uranibaba@lemmy.world 1 points 11 months ago (1 children)

Could be fixed rate that expired and had to be renewed, but with a new rate.

[–] Alexstarfire@lemmy.world 1 points 11 months ago (1 children)

In the US a fixed rate does not expire. At the end the loan has been repaid. I do not know of they are in the US.

[–] uranibaba@lemmy.world 1 points 11 months ago (1 children)

How does that work? You take a loan, negotiate a rate (say 3%) upfront, and you have this rate as long as the loan is not payed?

[–] Alexstarfire@lemmy.world 2 points 11 months ago

Yes, though I'm not sure what you mean by not paid. You have monthly payments for the loan.