@maenadea Genuinely the only reason my mom pays for cleaners, she’s happy to do everything else herself, but she has some hanging lights in the kitchen and the grease such a pain to remove
@AntiRacistGuy89@dante_eats If you pay the full 30 year starting in 1980, you pay $230,000, 12.2x medium income
If you pay the full 30 year starting in 2026, you pay $439,000, 8.8x medium income
@AntiRacistGuy89@dante_eats Median income is up roughly 22% since 1980, while the median home price rose about 57% in real terms. But the 1980 buyer at 14% spent 41% of their income on the mortgage. Today's buyer at 7% spends 29%
@EmperorBag@dante_eats The median home price was $260,000 in today’s dollars, at 14% the monthly payment would be $2.4k, assuming 20% down
We should obviously build more housing, but the current crisis is not unprecedented
@lva3ff5@dante_eats The median home price was $260,000 in today’s dollars, at 14% the monthly payment would be $2.4k, assuming 20% down
The median today is $410,000, at 7% with 20% down is $2.1k per month
We should obviously build more housing, but the current crisis is not unprecedented