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re: Monthly mortgage payment based on a median existing home is now at a record $2,322

Posted on 8/24/23 at 3:18 pm to
Posted by RT1941
Member since May 2007
30319 posts
Posted on 8/24/23 at 3:18 pm to
quote:

quote:
On a post tax basis, the median new homebuyer is spending close to 70% of their income on monthly payments.
quote:

This is absolutely insane. Most people aren't actually doing this, right?


Hell no, lenders/mortgage companies aren't in the business of doing this either.
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