January 29, 2019 rummy

Compared to previous generations, when we look at it from a percentage of income basis, Home prices today are still relatively cheaper than what our uncles and aunts and grandparents used to deal with. So if you’re planning on buying a home for yourself, now might be the best time to do it. The COST of a home is determined by three major components: price, mortgage interest rate, and wages. The big question? Are we paying a greater percentage of our income toward our monthly mortgage payment today than previous generations? Surprisingly, the answer is no. Historically, Americans have paid…