Home Affordability Crisis is FAKE. Comparing Affordability from 1990 to Today
Taking into account home affordability isn’t just looking at the prices of homes but also how much buying power a homeowner has today vs previous years. Also comparing home prices and mortgage rates to the CPI also gives a good indication to how affordable buying and owning a home really is compared to previous years.
Home are certainly less affordable than a few years ago, but not even close to the level that would warrant calling it a crisis.
Not investment advice. Opinion only.