The national median mortgage payment hit $2,184 in February, up from $2,061 a year ago and $1,750 in February of 2022, according to the Mortgage Bankers Association.
@unusual_whales Something will give eventually… this younger generation isn’t keeping up. Who’s gonna buy the homes from boomers? Other boomers? They’re also gonna try to sell.
@unusual_whales Mortgages have gone up but median household income has gone down. What’s the worst that can happen?
@unusual_whales The terrifying part of this is, it means people are actually buying at these inflated rates.
@unusual_whales And given where the rates and house prices are these payments have only one way to go in the near future: up.
@unusual_whales What is wild is paying $2,184 in February 2024 does not buy you the same type of house if you were paying $2,184 in February 2022.
@unusual_whales That's a 5% increase in housing costs. How big was your raise again?
@unusual_whales it will only get worse until people wake up to the scheme that both parties have been perpetrating for decades x.com/infraa_/status…
@unusual_whales it will only get worse until people wake up to the scheme that both parties have been perpetrating for decades x.com/infraa_/status…
@unusual_whales Looks like my dream home is gonna have to downgrade to a cardboard box with these prices! 🏠💸