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.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 1 year ago

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.

kuraitengai@programming.dev · 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.