62% of new homebuyers struggle to pay mortgages… High-school sweethearts with $600,000 budget struggling to find a house after 2 years of searching.

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3% interest rate means nothing if you borrowed too much money for your income and can’t make the payment with other inflation kicking in

— Amy Nixon (@texasrunnerDFW) June 4, 2023

High-school sweethearts with good jobs, a baby on the way and a $600,000 budget can’t find a house after 2 years of hunting. ‘It is just so demoralizing, depressing, and defeating’

via @AlenaBotros https://t.co/M8tMqia6bG

— Lance Lambert (@NewsLambert) June 4, 2023

See also Nearly $10T of US govt debt matures in 2025 with 2.50% avg coupon. Refinancing at > %5 will make the debt interest payments huge and consume most of the budget.

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