This does affect first time home buyers. But necessarily those who are selling and buying

The 30-year mortgage interest rate is 8%. This means the monthly payment on a $500,000 home after 10% down, including taxes and insurance, is $4,175. To “afford” this payment — meaning you don’t drop more than 30% of your income on housing — you need to earn $167,000 a year.
The State Of Public Space In America Is Disgracefully Abysmal
390
6
Rocco Pendola
gravity well (Rob Tomlin)
·Follow
Oct 24, 2023
--
This does affect first time home buyers. But necessarily those who are selling and buying
--
--
Written by gravity well (Rob Tomlin)2.2K Followers
·1.8K Following
Software Engineering Manager. Explorer, learner, teacher, and more
No responses yet
Help
Status
About
Careers
Press
Blog
Privacy
Terms
Text to speech
Teams