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Believe it or not, real estate affordability has not changed much in forty years
- chiefalchemist 3y ago> In 2020, the median sales price of a home was $391,300. That is 20 times the $19,300 average sales price in 1963! This starts off wrong-minded. Cost at closing is mostly irrelevant. The more important metric is cost of the mortgage over the entire term of the mortgage. Aside from those paying cash, *this* is what people's homes are costing them.