What year was that? I just wanted to compare median home prices to median income between that period and today.
Rates were 8%-8.5% when I bought my first house!!
During the Carter administration, they were 20%. Unreal. Fortunately, we bought our first house before he became POTUS!
The Trump Economy is in the shitter pretty much so the mid terms are not looking promising while he is playing grabass with Iran.
problem is the median home price is more than 5x the median family income in this country...this is a higher ratio than at the peak of the housing bubble in 2006...
I paid 9.5% for my first home. 8.25% for my second home.
SAVE THE STARBUCK’S COFFEE $$$
SAVE THE UBER $$$$
SAVE THE GROCERY DELIVERY $$$$
SAVE THE “CONCERTS” & ENTERTAINMENT $$$$
LIVE IN CHEAPER APARTMENT WHILE RENTING...SAVE $$$.
HAVE A LARGER DOWN & SEE THE DIFFERENCE.
I NEVER EARNED MORE THAN $64,000 GROSS IN MY ENTIRE WORKING LIFE-—STARTING AT AGE 17.
BOUGHT FIRST HOUSE AT AGE 26...in 1966.
RE-FIED IT & BOUGHT #2 FOR $105,000 ( FORECLOSURE) AT AGE 49. IN 1989. SOLD #1 AT AGE 55. in 1995.
SOLD #2 AT AGE 65 FOR OVER $370,000. NO CAPITAL GAINS TAXES.
BOUGHT #3 AT AGE 65 WITH CASH......in 2004.
BY MYSELF....
NOW 86. STILL FEMALE. STILL SINGLE.
What year was that? I just wanted to compare median home prices to median income between that period and today.