Housing “Gridlock” Hits First-Time Buyers! ft. Peter St Onge

in this video, Peter talks about the alarming reality of millions of Americans trapped in their homes due to soaring mortgage rates and house prices, rendering moving unaffordable. With interest rates spiking from 3.25% to 7.25%, many struggle to meet the $2,600 monthly mortgage cost, as refinancing during COVID-19 resulted in two-thirds of Americans securing mortgages below four percent. Meanwhile, house prices surged to $416,000 from $300,000 pre-pandemic, causing gridlock as empty nesters delay retirement plans and young families postpone homeownership dreams.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20
Peter's Substack: https://stonge.substack.com/
Peter's Website: https://peterstonge.com/

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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