Party Like It's 1980: Mortgage Debt Ratios at 37-year Lows
For example, most homebuyers in each of the prior three decades would have likely spent 30% - 50% more than today’s homebuyers on their mortgage payments when calculated as a percentage of their disposable income. This means that homes today are up to 50% more affordable than they were at various points throughout the past 37 years.
It’s time to party like it’s 1980! Contact me for further info or if you’d like for me to run the numbers for your situation.
John Lemos, CMPS®
Office: (714) 613-1664
Cell: (951) 256-0812
Fax: (714) 844-9263
2099 S State College Blvd, # 102