James Wu on Nostr: A well-off family in #Seattle, who bought or refinanced $600k for a home in the low, ...
A well-off family in #Seattle, who bought or refinanced $600k for a home in the low, low-rate 3% era of 2020, is today paying just $1400/mo, or $46/day, in bank interest to stay housed.
A renter today would have to pay the landlord $3000+ ($100+/day) for the same privilege.
A housing-insecure family may be in and out of a motel, paying $100-$150/day.
Does this seem right to you? #HousingNow
Published at
2023-12-29 21:47:30Event JSON
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