How Much More Does a Home Cost Compared to 25 years ago?

So over the past 25 years we have seen the Real Estate Market go up and down like a yo-yo. But how much more does a home cost today compared to 25 years ago?
1984 Home Price of $100,000
Interest Rate at 17%
Total Monthly Payment was: $1,425.68
2009 Home Price of $500,000
Interest Rate of 5%
Total Monthly Payment: $2,684.11
A difference of $1,258.84!]
Does it seem like owning a home costs that much more today? You be the judge!
Write your thoughts....and let me know what you think.
Labels: Bay Area Real Estate Market, George Langford, San Francisco Real Estate, Zephyr Real Estate
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home