More pain in 2023
Mar 10, 2023
Great chart to explain how unaffordable the housing market has become.
— Alf (@MacroAlf) March 8, 2023
The average monthly mortgage payment in Atlanta has gone from $320 in 2012 to just under $2,000 now. pic.twitter.com/4hosXwNK7N
Looks like the stock market is going to tank more as the average bloke sells whatever stocks he has to make his mortgage payments.
Update: Yup.
I can attest to #2
— Working Wealth (@Working_Wealth) March 10, 2023
I am associated with a company that deals with employer retirement plans
The amount of people cashing out their 401k's/403b's to pay off their mortgage has skyrocketed in last 3 months
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