Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Skeeter Bug who wrote (96407)	4/19/2001 5:58:13 PM
From: Ilaine	Read Replies (2) of 436258

The Census has been collecting data on home ownership since after WWII, but most of it isn't easily accessible without special software. Next time I go to the library I'll copy it down. In the meantime, here's a few factoids: Percentage of average income spent on mortgage for average home today - 17.3% (click on housing affordability index) nar.realtor.com Percentage of income spent on a mortgage of a single family dwelling in 1991 - 13% (see table 2a) (really huge file - don't bother unless you've got broadband): census.gov Percentage of homeownership from 1965 to present - 62.9% in 1965, 67.1% in 2000. 67.1% is the historic high, by the way. census.gov I don't think 17% of monthly income is a staggering amount to pay for housing - 25% used to the rule of thumb to qualify for a mortgage - and if houses are unaffordable why do more people own them than ever?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next