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re: Homebuyers are now spending 40% of their gross income on mortgage and interest costs
Posted on 7/22/23 at 10:18 am to wutangfinancial
Posted on 7/22/23 at 10:18 am to wutangfinancial
quote:
I’m seeing a frick ton of HELOCs funding…
People paying off credit cards and car loans to consolidate?
This post was edited on 7/22/23 at 10:24 am
Posted on 7/22/23 at 12:03 pm to stout
That’s my guess. My shop does most of their volume on the west coast. The other thing to think about is property taxes and insurance premiums. If the federal government doesn’t allow the unemployment spike to flow through (they won’t) the middle class is going to get sliced in half.
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