Am I supposed to believe the fact that the median priced house in America today only costs 22% of the median income compared to 20 years ago when it supposedly cost over 30% of that income? Today you’re expected to only spend 22% of your pretax pay on mortgage payments to buy the typical house, which I was quite surprised to read. Well that’s according to the NY Times. It sure doesn’t feel that way to me, living here in California.Sunday, April 25, 2010
Proof That Buying A House Is Impossible In Some Local Real Estate Markets
Am I supposed to believe the fact that the median priced house in America today only costs 22% of the median income compared to 20 years ago when it supposedly cost over 30% of that income? Today you’re expected to only spend 22% of your pretax pay on mortgage payments to buy the typical house, which I was quite surprised to read. Well that’s according to the NY Times. It sure doesn’t feel that way to me, living here in California.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment