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'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out' (fortune.com)

submitted 2 months ago* (last edited 2 months ago) by cm0002@lemmy.world to c/usa@midwest.social

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Well I am just shocked, SHOCKED I say! Well...not that shocked

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[–] solsangraal@lemmy.zip 21 points 2 months ago (14 children)

who's got 5 digits in the bank for a down payment? let alone a bank that will approve a loan for the only "affordable" house which is affordable because it's falling apart?

[–] BartyDeCanter@lemmy.sdf.org 19 points 2 months ago (13 children)

Five digits? Where you getting housing that it only takes five digits for a down payment?

[–] bdonvr@thelemmy.club 5 points 2 months ago (9 children)

Uh, even in more expensive areas $100k down payment seems a little insane

[–] ActuallyGoingCrazy@sh.itjust.works 1 points 2 months ago (1 children)

100k is 6 digits

[–] bdonvr@thelemmy.club 5 points 2 months ago (1 children)

Right, the comment I'm replying to is saying that 5 digits wouldn't be enough

[–] ExtantHuman@lemm.ee 2 points 2 months ago

No it isn't. It says "who has that?", and "what bank would approve the loan for the falling apart shack that would buy"

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