05/17/2021
Buyers in this market likely don't agree but, what if housing prices aren't *really* as high as they appear?
"After adjusting for inflation and interest rates, monthly mortgage payments are now 30% lower than they were in 1989."
Interest rates are only one side of the story- houses today offer far more standard amenities than the standard home of 70's, 80's, and even 90's.
"In 1973, 49% of homes had no air conditioning. Now just 7% of houses have no AC.
In 1973, 40% of homes had 1.5 bathrooms or fewer. Today just 4% have fewer than 1.5 bathrooms.
In 1973, 64% of houses had 3 bedrooms while 23% had 4 bedrooms or more. Now 42% of houses have 3 bedrooms while 47% come with 4 bedrooms or more."
What If Housing Prices Aren’t As High As They Appear? Posted March 21, 2021 by Ben Carlson Ben Carlson · What If Housing Prices Aren’t As Expensive As They Appear Whenever the topic of inflation comes up the obvious rebuttal to the low reported number is the cost of buying a home. Housing price...