Buying Power Then Vs Now 💯
Mortgage rates were often 10% in 1990, making monthly payments a heavy lift even at lower prices.
Median income rose from ~$14k in 1990 to ~$42k in 2023, but the home price-to-income ratio jumped from 8.7x to 10x.
What do you think? Was it easier then, or are we just facing different challenges now? 🧐 buying power then vs now
The purchasing power of our dollar has declined by 87% since 1970
Inflation is a natural part of growth, but it’s a reminder of why investing matters. Your cash needs to work as hard as you do just to stay in the same place! 📈 Mortgage rates were often 10% in 1990, making
#BuyingPower #Inflation #FinancialLiteracy #Budgeting #MoneyTalk Option 2: The "Homeownership Reality" (1990 vs Now)
The "Buying a House" debate: Is it really harder now? 🏠 Was it easier then, or are we just
Inflation-adjusted home prices have nearly doubled since 1990.