As measured by the percentage of income devoted to mortgage payment, we are at historical low. This is a great time to own a house.
Caution to house speculators: do not hope for a quick price recovery.
(click to enlarge)
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Saturday, December 05, 2009
Cost of home ownership
A Great chart on the history of cost of home ownership (courtesy of Visual Economics).
As measured by the percentage of income devoted to mortgage payment, we are at historical low. This is a great time to own a house.
Caution to house speculators: do not hope for a quick price recovery.
(click to enlarge)
As measured by the percentage of income devoted to mortgage payment, we are at historical low. This is a great time to own a house.
Caution to house speculators: do not hope for a quick price recovery.
(click to enlarge)
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