United States | News & Politics

7203 readers

282 users here now

founded 4 years ago

MODERATORS

Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023. That means homebuyers are now spending 40% of their gross income on mortgage and interest costs. (nitter.net)

submitted 1 year ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 year ago

When I bought my house in 2016, the total mortgage (principle, interest, taxes, insurance) was about 18% of my gross. Two jobs later, same house, it’s now 8% of my gross.

House value according to Zillow has doubled since I bought it. As has the interest rates.

Got to crash sometime.

permalink
fedilink
source