#36; Is It REALLY The Worse Time In 65 Years To Be A 1st Home Buyer?!
The Mortgage Man - A podcast for everyone with or wanting a mortgageShow Notes
Did you know that the average first home buyer in 2021 put 49% of their household income towards their mortgage?
Back in 1949, the average house cost was only 2x the average household income. Now it's up to 10x.
So is now the worse time to be a first home buyer and should that stop you from buying?
We can't change the past; only learn from it.
And although that might speak true for the last 65 years, what about the next 65? Could right now be the best time in the next 65 years to buy?
We don't know.
So if you want a home and can afford it because the bank has said so.
Then you can either get your home now or "wait and see".
There are still people from 5 years ago "waiting and seeing" that would be a lot better off if they were brought back then.
Maybe you are thinking "You guys just want us to buy a home so you get paid"
Listen to the podcast to see if that is the case (it's not)
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People are pretty casual about these