Well, there's always Binney Park
/
Posted in the comment section by Snotty Philistine: *
Fannie Mae on if we want affordable homes again:
— The Kobeissi Letter (@KobeissiLetter) September 25, 2025
1. Prices must crash by -38%, or:
2. Incomes must rise by +60%, or:
3. Mortgage rates must crash by -415 bps
For any of these 3 things, something massive would have to happen to the macroeconomy.
How did we end up here? https://t.co/IFyn6v3BXP pic.twitter.com/4y6aMi9qlS
*A sobriquet stemming from the time a homeowner, angered by comments here about the price he’d placed on his newly listed home, called us collectively a bunch of “Snotty Philistines of Questionable Intelligence”. Time passed, and events proved that price to have been aspirational; he never wrote back to apologize, but one reader appropriated name for himself. Tee hee.