[OC] Median Housing Monthly Payment Affordability (1971-2022 - CPI adjusted)Submitted by Dont____Panic t3_yocaon in dataisbeautiful
Dont____Panic OP t1_ivf1w9k wrote
Reply to comment by MocoMojo in [OC] Median Housing Monthly Payment Affordability (1971-2022 - CPI adjusted) by Dont____Panic
When the red line is above the green, that just means the median person can’t afford the median house.
It seems to have been that way a lot in the 70s and 80s.
Another challenge people have today is down payments are higher than they were, so that’s an additional hit against affordability.
When the red line is above the green, it SHOULD put downward pressure on prices.
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