The rule of thumb is that your monthly shelter costs should represent no more than 30 percent of your household budget.
Well, according to new data, many households are spending more than half of their incomes on putting a roof over their heads, whether they rent or own.
Monthly mortgage payments are now $3,000.
Of course, if you secured a three percent mortgage in the early days of the coronavirus pandemic, you are in good shape and will be for the rest of your life.
But if you acquired a home in the last year, you are paying an arm and a leg.
Here is a chart highlighting the trends over the last 22 years.
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