Viewing a single comment thread. View all comments

ThePandaRider t1_ixzylti wrote

Reply to comment by Dont____Panic in [OC] Median Housing Monthly Payment Affordability (1971-2022 - CPI adjusted) by Dont____Panic

I know they are on a different scale. The scale is linear so it doesn't matter. Houses were cheap in the 80s, you can buy them with cash as well as a loan.

1

Dont____Panic OP t1_ixzz27d wrote

Correct. The green shaded area simply has no meaning regardless. :-)

1

ThePandaRider t1_iy009pg wrote

The orange line represents the purchasing price. The purchasing price combined with the 30yr mortgage rates are used to calculate the monthly payment, the red line. The monthly payment is related to the monthly affordability. How do you not see something so obvious?

1