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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: nextrade! who wrote (24942)11/1/2004 12:27:49 AM
From: Les H of 306849
 
[quote]Fed data shows that at the end of June, homeowners spent 9.87 percent of their disposable income on mortgage principal, interest and property taxes. That figure has fluctuated from a low of 8.15 percent early in 1980 to 10.41 percent in 1991; it doesn't seem exceptionally high today.[/quote]

That doesn't appear to be a very useful statistic. Real estate downturns commenced in both 1980 and 1991.
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