Welcome to the WSO weekly wrap-up, where I talk with my team about the five most

trending discussions in the Wall Street Oasis community. Enjoy. All right, everybody, welcome to the

fourth weekly wrap-up pod. This week we got, I think, three top discussions we're going to cover.

Matt, go ahead and kick it off. Yeah, sure. So first one that we saw in the forums this week,

not a surprise to anyone. Has anyone here noticed that nowhere in America is affordable anymore?

You know, as a younger individual here, we all knew that L.A., New York, Miami, typically the hotbeds, but what we've been

seen and some users in our community have been seen is, you know, places that have typically

been not as expensive to live in historically have also now have been jacking up prices

and rent, but even just property costs.

So, Pat, what's your two cents on this?

What's going on here in the world for affordability?

I think, you know, as rates have gone skyrocketed, I think the fastest, like, ever

increase, the prices of real estate have come down, but nowhere near enough to offset the amount

that rates have gone up. So like, you look at like any sort of affordability index. It was at like average like in 2020, I'm looking at the National Association

of Realtors. It was like 170 back in 2020. It's down to 103. So it's like I'm from like 170 down

to 100 on an index basis. It's crazy. It's almost double, like, the actual cost of housing

in terms of buying in. So not a great time to buy home if you need a lot of debt. If you need a lot

of financing, it's going to be painful. Yeah. So. But then my question is, for people,

even in pain and full, is it the smart thing to allocate all your capital to real estate, right?

Like where's the best return going to come from now? Do you start thinking, is it going to be stocks the next 10 years or is it going to be real estate again? I think real estate's a terrible place to put your money right now. But it's my opinion. you know i have my mom on a fixed rate mortgage so i'm lucky enough that um you know i don't have to worry

about rising rates people I have my own fixed rate mortgage, so I'm lucky enough that, you know, I don't have to worry

about rising rates, people who took out variable loans, people who, you know, are adjustable

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