It doesnt take Einstein to work out that someone who bought 10 or 25 years ago is paying a lower portion of their income. For the proportion to stay the same, wages would have to have been frozen. But they did payer a higher proportion of their income when they bought, like now.
Not if the labor mob get in - All the houses will be taken by the new so-called refugees
. DISGRACEFUL JOURNALISM. This puff piece for the real estate institute ignires the over-inflated market to suggest that people just need to ride out their first 5 years. Incorrect use of data. False premises. There is NO understanding of the market or mortage stress here..
30% is not really a useful measure. 30% of $80K compared to say $120K. One income or 2? Some would struggle with a payment of say $3000/mth for others it's manageable.
So does deflating this artificially inflated bubble. Thankfully that’s what’s finally happening 👍