Hou
Housing Costs
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Even in the cheapest states, the housing-to-income ratio is historically high due to a national shortage of affordable housing.
"Even the cheapest states in the country now have a housing to income ratio that is historically very..."
Dec 15, 2025
Correct
Realtors and banks typically recommend that 28-33% of gross income be allocated to housing payments.
"if you go to a realtor if you go to a bank they're going to give you somewhere between 28 to 33% of ..."
Mar 24, 2024
Pending
To increase wealth, housing costs should ideally be closer to 20% of gross income.
"if you really want to become wealthier you want this to be closer to 20%"
Mar 24, 2024
Pending
Real estate professionals and financial institutions generally advise allocating 28-33% of gross income to housing expenses.
"if you go to a realtor if you go to a bank they're going to give you somewhere between 28 to 33% of ..."
Mar 24, 2024
Pending
To enhance wealth accumulation, housing expenses should ideally be limited to around 20% of gross income.
"if you really want to become wealthier you want this to be closer to 20%"
Mar 24, 2024
Pending
Regardless of ownership, living in a smaller home is suggested for financial betterment.
"live smaller have a smaller home this could be whether you own a home or rent a home it really does ..."
Mar 24, 2024
Pending
Monthly mortgage payments for new homebuyers are predicted to be 50-70% higher than a few years prior.
"the average person if you go out to buy a home today is going to pay 50 to 70% more today on their m..."
Jan 26, 2024
Pending
Rental prices are 26% higher, and purchase prices are 28% higher than in 2019.
"rent prices are 26 percent higher than they were back in 2019. purchase prices are also up by 28 per..."
Oct 4, 2023
Pending
Nationwide, the cost of owning a home is approximately $25 more per month than renting one.
"Nationwide the typical home costs an estimated 25 more per month to own than rent."
Jun 20, 2023
Pending
Housing constitutes the largest portion of the average budget.
"housing takes up the largest portion of the average budget"
May 15, 2023
Pending