This is incredible:In California, the median home value is $720,000, which comes with a typical annual payment of $55,000 for a new buyer.This means that the median new buyer is spending ~63% of their income on home payments.This is by far the highest percentage of income…— The Kobeissi Letter (@KobeissiLetter) March 31, 2023
This is incredible:In California, the median home value is $720,000, which comes with a typical annual payment of $55,000 for a new buyer.This means that the median new buyer is spending ~63% of their income on home payments.This is by far the highest percentage of income…