City Weekly · Culture
Trump administration pitches 50-year mortgages as housing prices soar.
Urban Living
This might blow your mind, but recent studies are predicting that home prices in Utah will exceed $1 million by the end of 2029. I’ve read a couple of them and given the data, this is believable. Sadly, prices will go up. But logic and the history of income studies say that salaries won’t rise substantially to help afford such homes.
With a 10% downpayment, a $900,000 loan and an interest rate of 6%, you would have a principal and interest payment of $5,396 per month.
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