'It's Criminal': Vintage Mortgage Statement From The '50s Sparks Debate On Current Housing Market

Your account is not active. We have sent an email to the address you provided with an activation link. Check your inbox, and click on the link to activate your account.The dream of homeownership has long been a cornerstone of the American and many other societies’ ideals, but in recent years, that dream has increasingly slipped through the fingers of aspiring first-time buyers.

“No wonder the population exploded. People could actually afford to live and raise a family,” a separate individual commented.Subsequently, this figure decreased to approximately $2,300 in 1954, and it wasn’t until the 1960s that wages started to exhibit a more positive trend. As per the publication, since December, mortgage rates have nearly doubled — rising to around 6 percent, the highest they’ve been since 2008.

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