Everyone should check out One Pace, it's a fan project to condense the One Piece animation down into the format and pacing of the manga. It's really good!
Trev625
joined 4 months ago
My HOA gives us increasing fines if a piece of grass so much as TOUCHES the sidewalk. So it's not my fault :( I would rather let it grow and have a ton of biodiversity but nooooo. Also I'm not joining the HOA or running for the board or any of that crap. I would love if someone came and planted some plants that were on the extinction list and the HOA couldn't do anything about. That would make me so happy to stick it to them.
Just using the interest rate is an unfair comparison. You have to go get median house prices and median incomes as well to make a proper comparison. Just saying the rate was higher at some point is useless if we don't also compare the prices and incomes because what really matters is affordability. Not saying your whole comment is wrong, just trying to say that this particular part seems to be biased in favor of the Boomers.
Median home price to median household income ratio This ratio is a key indicator of housing affordability. It measures how many years of the median household's income are needed to purchase the median-priced home. Period Median Household Income Median Home Price Price-to-Income Ratio 1980 ~$21,000 ~$65,000 ~3.1x 2024 ~$85,000 ~$415,000 ~4.9x Comparison of mortgage payments Even with the high interest rates of the 1980s, the lower home values meant a smaller overall loan and a monthly payment that took up a smaller percentage of the median household income. Here is a side-by-side comparison of a hypothetical mortgage for a median-income household in 1980 and 2024: Mortgage metric Early 1980s 2024 Median income $22,000 $85,000 Median house price $47,000 $415,000 20% down payment $11,000 (~50% of annual income) $83,000 (~98% of annual income) Loan amount $36,000 $332,000 Interest rate 13% 7.5% Monthly payment $397 $2,321 Payment as % of gross income