Rent affordability: 11 million Americans spend half their income on rent – Jun. 22, 2016 » Mortgage Masters Group
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1. Start Earning Serious Interest on Your Savings. Imagine $28,243 more dollars in your bank account. It is doable. That is the interest income you would earn from generating an additional 1% in interest on a $100,000 deposit over 25 years.
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Among mortgage hold-ers, those who were lucky enough to beat investors at auction have seen their "cost burden" rate decline to 22.5% from 47.4% be-tween 2010 and 2017, its lowest level of this centu-ry. (A household is con-sidered "cost burdened" if they spend more than 30% of their income on housing.) The mirror image of this
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Between 2011 and 2016, the U.S. population age 50 years or older grew by 10.5 million to more than 112 million. While the vast majority of older Americans owns homes, homeownership rates are lower A new Joint Center report finds aging Americans less prepared to afford housing | Building Design + Construction
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