Re:Housing should be affordable except for when I sell my ho...
by soared on Saturday April 22, 2023 @02:28PM
(#35669537)
According to the article ~20% of people under 20 years old own a home? And that percentage decrease for a few years and then increases again?
> A 25-year-old’s median monthly mortgage payment was $1,013 in 2021
The median price for a home owned by 25 year olds is 235k, and 30% of 25 year olds own a home. Doesn’t really seem like that passes the sniff test, unless like 100% of rural 25 year olds purchased homes.
> A 25-year-old’s median monthly mortgage payment was $1,013 in 2021
The median price for a home owned by 25 year olds is 235k, and 30% of 25 year olds own a home. Doesn’t really seem like that passes the sniff test, unless like 100% of rural 25 year olds purchased homes.