The Bailout: Part 2

barrons
Wed, 12 Sep 2007 22:32:03 +0000

Many think it does which is OK with me looking at collecting those CPI inflated SS checks in the near future. The comparing of median income and housing prices is a little off as in most markets under 70% of the households are homeowners with the rest–mostly at the lower income end–renting. Obviously as we know interest terms have a huge impact in home affordability. The payments at 5% are far lower than those at 10% on a $400k home.