this post was submitted on 18 Jul 2023
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With the state of mortgage rates at the moment, $5k a month will be most people's mortgage payments won't it?
Bro, I don't even know a single person who makes 5 grand a month. I'd say given how much of a rarity that is, there no way the average mortgage payment is over $5000/m. That'd mean yearly you pay $60,000 in mortgage payments alone. That's a couple thousand over the total yearly income for the average US citizen.