'They're Paying Roughly 24% Of Their Income': 1950s Mortgage Slip Goes Viral, Sparks Debate

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The housing rate crisis is upon us, and people in the 1950s truly didn't know how good they had it.

Your account is not active. We have sent an email to the address you provided with an activation link. Check your inbox, and click on the link to activate your account.The dream of homeownership has long been a cornerstone of the American and many other societies’ ideals, but in recent years, that dream has increasingly slipped through the fingers of aspiring first-time buyers.

“No wonder the population exploded. People could actually afford to live and raise a family,” a separate individual commented.Subsequently, this figure decreased to approximately $2,300 in 1954, and it wasn’t until the 1960s that wages started to exhibit a more positive trend. As per the publication, since December, mortgage rates have nearly doubled — rising to around 6 percent, the highest they’ve been since 2008.

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45% Of Canadians Find Paying Mortgage, Rent To Be DifficultZoe Demarco is a Staff Writer at STOREYS and was formerly the Urbanized Editor at Daily Hive. Born and raised in Toronto, she has a passion for the city's ever-changing urban landscape.
Source: storeyspub - 🏆 16. / 74 Read more »

'It's Criminal': Vintage Mortgage Statement From The '50s Sparks Debate On Current Housing MarketThe housing rate crisis is upon us, and people in the 1950s truly didn't know how good they had it.
Source: boredpanda - 🏆 18. / 72 Read more »