House Values and Monthly PITI Payments
Since 1990, house values have gone up a great deal.
What have monthly PITI payments done during that same time period?
From 1990 the average house price has increased by: 237.5%.
From 1990 the average house PITI payment on an inflation-adjusted basis has decreased by: 14%.
That's pretty astonishing. Think about the amount of free cash flow that has been made available for overall economic growth through lower interest rates...