$1000 mortgage doesnt go as far as it used to

[tsptalk]

Source: https://www.hussmanfunds.com/comment/mc220429/

 

[nasa1974]

Does that $1000 monthly payment include taxes and interest or straight principle?

 

[Bullitt]

If this was 2020 people would be pricing a monthly payment in bitcoin.

Does that $1000 monthly payment include taxes and interest or straight principle?

I doubt it. I think most new home owners are a bit shocked when they realize the mortgage is just the house, not insurance and taxes which will probably almost double your mortgage in due time.