[OC] House price you can afford by paying 1000/month for 30 years vs. interest rateSubmitted by hmiamid t3_xy7qym in dataisbeautiful
hmiamid OP t1_irgh9w7 wrote
Reply to comment by Doctor_Kat in [OC] House price you can afford by paying 1000/month for 30 years vs. interest rate by hmiamid
That's why the house prices in the 70-80s (around that time) were so low. We were actually better off a few years ago than in the past if we're looking at total mortgage payments in terms of years of median income.
Hodorous t1_irikhu3 wrote
In 70's/80's wages increased at much higher rate also(about 6% in US and over 10% in some European countries).
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