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Thread: Are New Houses Selling More Than 100 New 4 Sale
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Old 09-04-2023, 04:39 PM
vintageogauge vintageogauge is offline
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Quote:
Originally Posted by JMintzer View Post
I agree. But prices were much more reasonable then. We had a 10.25% mortgage on our first house (in 1986). Of course, we only paid $104,500 for a 3 BR 2.5 BA single family home... About 25-30% of my income at the time...

The PITI was less than our 2 BR 2 BA apartment...
Prices were more reasonable but incomes were much lower, We bought our first home in 1969 and had a 9% mortgage with 20% down, and it also took about 30% of my take home pay, maybe a little more.