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re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 4:54 pm to Coldcushcush
Posted on 7/25/23 at 4:54 pm to Coldcushcush
How much did you pay? We can quickly do the math and see who is right or not?
The median house price in 1981 was 69K, which would be the same as a 221k house in 2023. The median home price in 2023 is 416K.
The median household income in 1981 was 25k, so about 1/3 of the cost of the home. The median household income in 2023 is 80k, which is about 1/5 of the cost of the home.
The median house price in 1981 was 69K, which would be the same as a 221k house in 2023. The median home price in 2023 is 416K.
The median household income in 1981 was 25k, so about 1/3 of the cost of the home. The median household income in 2023 is 80k, which is about 1/5 of the cost of the home.
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