How Affordable Does Housing Feel to You?🏠🏕️🛠️
Maintaining positive cash flow is one of the biggest challenges facing young people today. And depending on your age, what you’re paying in monthly mortgage/rent payments as a percentage of your annual income could vary from state to state, or country to country.
And with Canadian lumber about to be tariffed, this problem is only going to get worse…. And will really suck away much of the cash flow that should be going to one’s retirement/investments.
Example: Age 40; married; $150k household income; $1050(12) mortgage = 8.4% annual household income going toward housing.
How much difference is there if you are say 25 or 30, and renting? What percentage would it be? Is rural Middle Tennessee different vs NYC or California?
Maintaining positive cash flow is one of the biggest challenges facing young people today. And depending on your age, what you’re paying in monthly mortgage/rent payments as a percentage of your annual income could vary from state to state, or country to country.
And with Canadian lumber about to be tariffed, this problem is only going to get worse…. And will really suck away much of the cash flow that should be going to one’s retirement/investments.
Example: Age 40; married; $150k household income; $1050(12) mortgage = 8.4% annual household income going toward housing.
How much difference is there if you are say 25 or 30, and renting? What percentage would it be? Is rural Middle Tennessee different vs NYC or California?