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 yogthos@lemmy.ml to c/usa@lemmy.ml

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[-] kuraitengai@programming.dev 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.

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this post was submitted on 24 Jul 2023

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