To: millenial4freedom
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... Is the home price the problem, or is it the amount of the mortgage? What I have been hearing about is mortgages with only 5-10% down. That can't be good.
9 posted on
06/12/2026 10:10:04 AM PDT by
CatOwner
(Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
To: CatOwner
I’d say the home price. If home prices crash 20-30%, assuming mortgage rates stay where they are, the ratio of median monthly payment (assuming 20% down) to median family income will be ‘historically normal.
28 posted on
06/12/2026 11:15:57 AM PDT by
millenial4freedom
(Government was supposed to preserve freedom, not serve as a jobs program for delinquents and misfits)
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