What % of their monthly mortgage payments can Americans afford?

Discussion in 'Economics' started by crgarcia, Dec 2, 2009.

  1. crgarcia

    crgarcia

    How much they can pay?
    (on average)

    75%
    Half?
    25%
    10%

    Any estimates?
    Guesstimates?
     
    #1     Dec 2, 2009
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  2. 5yrtrader

    5yrtrader

    99% is my guess

    Over 90% of people can currently afford to pay their mortgage. The ones that can't afford it could probably afford the payments if they were a little bit cheaper. And the ones that can't afford any sort of payment must be 0.

    5yr
     
    #2     Dec 2, 2009
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