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iaalaughlin t1_iufxzw0 wrote

Reply to comment by Charlesinrichmond in Rising mortgage rates will exacerbate the housing situation in RVA by BumbleBeeVomit

You are wrong about it being the “second highest in history”

https://fred.stlouisfed.org/series/RHORUSQ156N

It’s even worse when you look at cities that have a high proportion of landlords that use yieldstar.

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Charlesinrichmond t1_iuids2m wrote

so the site I googled was wrong, that'll take me to take the first hit. Your data set is obviously better.

That said, by your data, its still really really high, within a percentage point ex the ninja loan debacle

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iaalaughlin t1_iuilvgw wrote

The question isn’t a matter of what the nation is doing though.

The question is what is Richmond doing. (Or whatever city you want to do this for.)

Richmond appears to be here: https://fred.stlouisfed.org/series/HOWNRATEACS051760

Ownership rate is nearly 20 points below national average, and is at ~44%.

That feels troubling, but I’d like more recent data.

So, does Richmond want homeownership for its population or not?

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