4 ms·
Housing prices vary inversely with interest rates. Monthly payments are and always have been between 1/4 and 1/3 of income. This is actually up right now due to
by phkahler 5y ago
Housing prices vary inversely with interest rates. Monthly payments are and always have been between 1/4 and 1/3 of income. This is actually up right now due to the bubble which cant last.
- extra88 5y agoMore people are paying more for rent than they used to. In 2015, of all renter households: * 38% were rent burdened (defined as spending 30% or more of pretax income on rent), an increase of about 19% from 2001. * 17% were severely rent burdened (spending 50% or more), an increase of 42% from 2001 (the 38% rent burdened includes the 17% severely burdened). For households headed by someone 65+, 50% are rent burdened, ~20% severely rent burdened. https://www.pewtrusts.org/-/media/assets/2018/04/rent-burden_report_v2.pdf https://www.pewtrusts.org/-/media/assets/2018/04/rent-burden...