Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

  • ampersandrew@kbin.social
    2·
    11 months ago

    Interest rates are high, and large purchases like furniture and vehicles are typically bought on credit. So what may have been a lower monthly payment with hardly any money going toward interest is now significantly more interest and a high enough monthly payment to make you reconsider the purchase.