[bko]

I went down a rabbit hole and analyzed Fannie Mae data and found buying a home is increasingly affordable when you consider low interest rates and the median income.

> In October 2019, the median mortgage payment would cost the typical American 18.21% of their income. Apart from a few months in the early 1970s and 2011–2013 period, homes have never been more affordable. [0]

>That's why the 30 year fixed is such a fantastic bet if you are willing + able to hold and lock that fixed price... but housing is a pretty lousy investment if you need to sell.

That's not necessarily true because if rates go up you can bet that property values would go down as home ownership would become less affordable. And if you bought a home for $300k and rates go up and now your home is only worth $250k, that's not a great value, because had you not bought, you would be able to buy the same home for less, although that might be offset with the higher payment

[0] https://mleverything.substack.com/p/buying-a-home-in-the-us-...