The data is inherently skewed. You only have a mortgage if you can afford the down payment in the first place and so of course it’ll follow the age old rule of

The data is inherently skewed. You only have a mortgage if you can afford the down payment in the first place and so of course it’ll follow the age old rule of 1/3 of your income. This doesn’t capture how housing supply hasn’t followed population growth/ all the people stuck paying rent in perpetuity.